% | $
Quotes you view appear here for quick access.

Itron, Inc. Message Board

  • Neck98 Neck98 Apr 24, 1998 10:33 AM Flag

    I'm getting out

    Hello fellow Itron investors-

    Despite my support for Itron I can no longer hold onto my shares with faith. Down to 15 1/2 today I sold. Things look like
    they are getting worse for this company and I fear for their future. I heard that Cellnet has introduced a new line of technology
    that is more efficient and attractive to electric utility companies like SCE. Does anyone have any more info on that? While I
    don't trust the validity of 'Sellitron' I do agree with his/her conclusion- I am running now while I can still afford to buy
    shoes! I have held shares in Itron for a long time and was there to enjoy their spectacular rise to the high 50's. After seeing
    them rise and fall time and again, this time looks like the end of the road. I advise all to SELL!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I don't trust you anymore than I trust sellitron. Shorts seem to lie a lot. That's one of the reasons they are so efficient in bring a stock down quickly. Glad to see your're "out". skep

      • 1 Reply to skeptically
      • Have to agree with you re post #59; a couple of loosers have joined this board. At the cost of repeating myself, I dont
        believe that Cellnet poses a threat to ITRON with respect to SCE. I happen to have been in the game of selecting vendors by
        Utilities and Municipal entities. They ALL have to show due diligence in their selection process; and a BIG FACTOR in this process is
        the list of satisfied end users that have used the particular product. Not just one user but several of them, otherwise no go.
        I'm aware that ITRON has had some technical problems to resolve bu the fact that they were able to soilve them makes ITRON even
        more creditable to the Utilities. Whereas, a new guy on the block like Cellnet with their unproved new line of products has to
        start selling to smaller end-users and gain their reputation with them before they have a chance of being selected by the big guys
        like SCE. O yes, they'll be allowed to bid to keep things above board, but no further. We're talking of six million meters here!
        That's something like a $400,000,000 contract over the next three years plus the future upkeep, not chicken feed!

        In my previous life and an Eng., I have also learned that such contracts to be awarded requires a lot of red tape: budgeting, funding, etc., etc. In one of my previous threads I estimated the timing to be August 98. These formalities don't just happen overnight, as ITRON stated in their annual report.

        Then there is another point to consider, and that is that ITRON have ongoing meter reading operations which ensures a steady revenue. Therefore I don't see a great risk that the Company will go down the ditch. Therefore, they'll continue to stay afoat but not make a big killing, if you will, until they make a big sale.

        In my opinion, I'll stay in and give it another six months or so and take the up and down swings; but remind myself that for every share sold, someone is buying it . In fact, this morning, someone bought almost ten thousand of them! Why?

        Skep, I'm glad you're reading this board and my thanks you for your contribution. Itausam

54.80+0.02(+0.04%)Oct 21 4:00 PMEDT