Sounds like a good fit to me, but I'd be interested in hearing opinions on the proposed purchase of Meridian Environmental Technologies.
From 12/27/10 Business Wire:
"Iteris, Inc. (NYSE Amex: ITI), a leader in traffic management focused on the development and application of advanced technologies, announced today that it has signed a Stock Purchase Agreement to acquire Meridian Environmental Technology, Inc. (MET), a privately-held company based in Grand Forks, North Dakota.
MET is a leader in 511 advanced traveler information systems, as well as Maintenance Decision Support System (MDSS) management tools that allow users to create solutions to meet roadway maintenance decision needs. The Meridian state-of-the-science MDSS provides detailed and accurate information at the route level enabling the efficient maintenance of roads and highways while optimizing resource use and reducing costs.
"This acquisition commences a key element of our accelerated growth strategy targeting synergistic companies that enhance our IP," said Abbas Mohaddes, president and CEO of Iteris. "In addition to an attractive customer base within weather and traveler information systems, MET provides Iteris with key capabilities in the emerging performance measurement and management market. With MET, our company is better equipped to empower travelers and traffic management authorities with more accurate and real-time information, and network performance management."
Leon Osborne, president and CEO of MET, commented, "This was an obvious strategic move for us since our companies have worked very well together on various projects in the past, including 511 travel information and weather forecasting services. Iteris offers a leading platform in the Intelligent Transportation System market that will help leverage our services into new geographies and market opportunities."
Iteris will acquire all of the outstanding capital stock of MET for approximately $4 million in cash, plus up to an additional $2 million under a 24-month earn-out provision. The acquisition is expected to be immediately accretive to earnings. Consummation of the acquisition is subject to certain closing conditions specified in the Stock Purchase Agreement."
FORD's research summary says they expect KTCC to have even better news next quarter.
Their Earnings Momentum section reads "Sequential earnings for the last 4 quarters and the current quarter estimates are showing strong acceleration in quarterly growth rates which could lead to a good improvement in earnings growth over the near term."
Sorry I didn't respond to your question last month. Which sector are you looking for?
If it's mining (gold & copper) NXG is a good bet and CDE (silver & gold)
If you want financial sector (and willing to take a chance) AFN is promising
KTCC is still the best in manufacturing, even after this recent rise. Let me know what sector you want to add.
I disagree with your advice to wait for a fall in price before buying. KTCC is one of those deeply undervalued stocks that belongs in your Couch Potato Portfolio - one you can buy and forget about a few years to save yourself a lot of grief over price volatility. Well run, profitable small caps that plod along building their business and customer base year after year are like that.
Am thinking of another stock I waited to buy five Octobers ago for $4.50 per share because I'd hoped it'd drop back below $2.50. Figured I'd "missed it" when it was a good deal and didn't buy it until much later. Today that same small cap trades for $31. You better believe I am kicking myself now knowing I could have bought it below $5.
(By the way, the small cap stock example I used was NFLX.)
Yeah, since the great report, day traders and profit takers have been doing their thing so the volume went crazy. Not everyone who finds an interesting company jumps on it. Cautious investors do their DD. That takes time. Bottom line, I agree with you, this stock will keep going up.
Yeah, the Stock Advisor guys recommend ARMH. That is the newsletter that helps find deeply undervalued stocks to invest in early.
Six weeks ago, this was trading for $4.80 and we've gained a dollar plus. It's still way undervalued. No complaints here.
All these new contracts are really starting to impress me. http://biz.yahoo.com/bw/080407/20080407006077.html?.v=1
If this is going to continue, Encorium is going to have a banner year for sales. Does anyone see any negatives here?
Just one week ago (on March 24) they announced the $2.5 million contract.
Sounds like business is really picking up... I'm jumping in too!
If you're new to CSE or coming back to it now that we're rid of the obligation to overpay for TierOne, this article explains why CapitalSource stockholders are shouting for joy:
What a relief!
Says a group of scientists, aerospace engineers, space entrepreneurs and astronauts will met at the California Institute of Technology to reflect on the past 50 years of space exploration and discuss the coming 50 years ahead.
Will be interesting to hear what comes out of the conference
Too early to guess a peak for RFIL. It seems to be one of those up and coming "Good to Great" companies that's been around a long time. (founded 1979 under different name)