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Top Image Systems Ltd. Message Board

benarnd10 72 posts  |  Last Activity: Mar 27, 2015 1:54 PM Member since: Aug 20, 2009
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  • benarnd10 benarnd10 Mar 27, 2015 1:54 PM Flag

    With the stock moving up sharply today on moderate volume, maybe all the weak holders have been cleaned up and the stock can react strongly to any positive news.

  • benarnd10 benarnd10 Mar 26, 2015 12:57 PM Flag

    Within the next 30 days we could be looking at the completion of the small acquisition which is accretive, a stock buyback, insider buying, and a major contract win. Meanwhile a minimum of $1.20 in earnings projected. Sounds like a buy at $8 but a contract announcement in the near term would surely do wonders for the stock, it's been a long time.

  • benarnd10 by benarnd10 Mar 26, 2015 10:38 AM Flag

    The trading pattern in TISA has been going on far too long and management should look into it. Every announcement for the last year and every positive event has been met with a major seller who lets the stock lift and then acts as a lead weight on the stock. There is no rational reason why when a competitor gets revalued 45% higher that TISA should trade down. Whether it is algos trading the stock or some sort of market manipulation, the pattern is very detrimental to the company. It will be difficult for the company to get fair value should it decide to sell itself since the premium to current market price would be well over 100%. Still, with that said, I strongly believe it is time for TISA to hire a banker and sell the company in a competitive bidding process. A microcap of this size $55 million market cap, should be part of a larger company than a stand alone. Time to sell is now when there are many potential bidders

  • Reply to

    Lexmark / Kofax analysis

    by lddr85 Mar 25, 2015 11:15 PM
    benarnd10 benarnd10 Mar 26, 2015 8:36 AM Flag

    Very interesting article. Sure seems that with all the potential companies looking to expand their presence in the Data Capture market and the excellent prices being paid to purchase companies already in this space, that now is the time for TISA to explore a potential sale of the company. Would not be hard to imagine a bidding war starting given TISA's unique product offering and worldwide presence. Whoever the seller is in the stock appears to be trading for pennies while there are many dollars of upside should TISA get an offer.

  • Reply to

    No groundhog day this morning.

    by mercury.buster Mar 25, 2015 10:27 AM
    benarnd10 benarnd10 Mar 25, 2015 1:02 PM Flag

    Guess I was wrong, in hoping the 47% up move in KFX would highlight the severe undervaluation in TISA. Unfortunately the lousy market and the "Endless Seller" have overwhelmed any buyers in the market place. Would hope that management would realize that for investors to realize fair value for TISA that it might be best to put the company up for sale and create a competition for one of the few remaining properties in the space.

  • Reply to

    No groundhog day this morning.

    by mercury.buster Mar 25, 2015 10:27 AM
    benarnd10 benarnd10 Mar 25, 2015 10:42 AM Flag

    With Northland saying this morning that interested buyers in this space include Ricoh, Canon, Xerox and HP, not to mention Lexmark, it is a mystery to me why TISA sells at such a huge discount to its acquisition price. Roth Capital says it is worth $7.50 on fundamentals alone and the acquisition price would be even higher. At some point the aging management team of Nakar should feed all the ducks that want entry into our market place and put the company up for sale. In the meantime, although investors fail to recognize this totally undervalued company, TISA must be on the radar of major companies looking to get in this area. To me it is just a matter of time before we get a surprise bid like KFX did.

  • Reply to

    Lexmark to buy Kofax

    by lddr85 Mar 24, 2015 7:46 PM
    benarnd10 benarnd10 Mar 24, 2015 8:05 PM Flag

    There aren't many companies left in our space. Certainly puts the pressure on TISA to either deliver or be taken over. Would think Lexmark would have plenty of fire power left to make more acquisitions in the space but there are certainly other players like Xerox etc. that will hopefully be chasing the increasingly scarce remaining players. Maybe this will be the news that finally brings in enough buyers to clean out the "Endless Seller"

  • benarnd10 by benarnd10 Mar 23, 2015 3:48 PM Flag

    The Groundhog came out for a few days, saw a ray of sunshine, and then went back in its hole and pronounced 6 more weeks of winter. TISA is back trading like it usually does - which is "Endless Selling"

  • Reply to

    40,000 at 3.45 on the ask

    by lddr85 Mar 20, 2015 9:58 AM
    benarnd10 benarnd10 Mar 20, 2015 10:34 AM Flag

    Where do all these size sellers come from. Stock has been heavy for over a year now, "Endless Seller" never leaves. Going to take some upside surprises and some new size buyers to generate enough buying to ultimately take out the seller.

  • Reply to

    The volume was nice while it lasted

    by wcw1068 Mar 17, 2015 3:24 PM
    benarnd10 benarnd10 Mar 19, 2015 12:58 PM Flag

    Looks like the new Groundhogs and the "Endless Seller" live at the 3.50 level

  • benarnd10 by benarnd10 Mar 19, 2015 10:35 AM Flag

    For the first time in a very long time there is volume and upward price movement in SPCB. With the bottoming formation in the stock chart, the stock would appear to be speculating on some contract news prior to the earnings report on 3/26. Volume generally precedes price, let's hope so

  • Reply to

    The volume was nice while it lasted

    by wcw1068 Mar 17, 2015 3:24 PM
    benarnd10 benarnd10 Mar 18, 2015 11:21 AM Flag

    Lack of volume will only lead to lower prices. Would be nice if the Insider Buying at least hit the tape but as an Israeli company I believe it only gets reported once a year. Back to the doldrums until we get some indication that we are seeing a breakout in sales and earnings. Certainly a stock to hold onto for the long term but a show me stock in the short term

  • Reply to

    What's happening?

    by feederdog Mar 12, 2015 11:56 AM
    benarnd10 benarnd10 Mar 12, 2015 1:46 PM Flag

    Wainwright is taking the stock around to accounts, maybe they have something good to say. With the way this stock has traded for the last year and the weak closes, I wouldn't declare victory yet though things look better

  • Reply to

    Benarnd10 gets one of his wishes

    by wcw1068 Mar 3, 2015 11:55 AM
    benarnd10 benarnd10 Mar 10, 2015 10:54 AM Flag

    Potentially gets one of his wishes. Certainly if insiders are buying there is little indication in the stock price and it certainly isn't large or aggressive. Hope to see some sort of filing eventually and a stronger indication that the buying has started. Meanwhile, Groundhog day

  • Reply to

    Finovate video

    by lddr85 Mar 6, 2015 12:08 AM
    benarnd10 benarnd10 Mar 6, 2015 10:23 AM Flag

    Was hoping that some significant insider buying would bring some interest and faith back to the stock. With 725 shares traded in the first hour, insiders seem in no rush tho I have yet to see the 10Q whose release should allow insiders to begin purchases. I am always comforted by the fact that their should be many companies that would buy TISA at a far higher price than we are now trading. In addition the aging Mr. Nakar, by the way where is he, should be opting to solidify his retirement by selling the company at some point. Downside seems limited but sure would be nice to start seeing some upside.

  • Reply to

    When will Insider Purchases Begin

    by benarnd10 Mar 4, 2015 11:26 AM
    benarnd10 benarnd10 Mar 5, 2015 10:24 AM Flag

    No purchase yet as excitement builds with 159 shares traded. Maybe insiders are buying odd lots. Probably have to wait for 10Q to be issued. As the Heinz commercial used to say "Anticipation, anticipation"

  • With 5400 shares traded it sure doesn't look like insiders have yet to begin their purchases. Yesterdays conference call injected little enthusiasm though things are getting better. The problem is that the turnaround is so slow that there is little incentive to rush to get involved. I am convinced that things will work out. Would seem to me that any company interested in getting in this space should be looking at TISA and saying this is the perfect time to buy the company. Mr. Nakar, where are you??? Now in your early 60's, maybe it is time to put the company up for sale. No doubt in my mind that multiple bidders would emerge. Guess we are faced with a slow turnaround that is well in place or rapid price appreciation through the sale of the company. Either one is a win win if an investor were to get involved at these prices.

  • benarnd10 benarnd10 Mar 3, 2015 4:43 PM Flag

    Groundhog day

  • Reply to

    Benarnd10 gets one of his wishes

    by wcw1068 Mar 3, 2015 11:55 AM
    benarnd10 benarnd10 Mar 3, 2015 2:54 PM Flag

    When I see the report with the size of the purchase it will be a plus. Right now they are planning to buy, wonder how price sensitive they are. Bottomline to the conference call is that revenues are pretty much stuck at $30 million, as they have for many years [without the acquisition of Egistics]. The composition of those revenues with their re-occurring portion, rapidly growing USA based revenues, and SAAS make those revenues of a much higher quality. Unfortunately, there are about 10 investors who understand this. To others they see flat revenues, practically no earnings and a chart that looks moribund. Insider purchases will help a little, more detailed info from management, and maybe the hint of selling the company at the right time could help bring a little investor interest. Mr. Nakar, where are you????

  • Reply to

    Should be an interesting Conf Call

    by benarnd10 Mar 2, 2015 4:11 PM
    benarnd10 benarnd10 Mar 3, 2015 8:32 AM Flag

    It was the day of the earnings report and the company itself displayed a total lack of interest by not even having the earnings announcement out by 8:30 AM

TISA
3.39-0.05(-1.45%)Mar 27 3:59 PMEDT