42K+ after hours at just over $22. Another fund is buying in. CLCT up 12% for the quarter and a fund wants to show it on its ledger at quarter end
If you did, you are down over 20% in less than 2 weeks
UPDATE: CRT Initiates Coverage On ORBCOMM Inc
Benzinga By Kevin Riley
CRT on Tuesday initiated coverage on ORBCOMM Inc (NASDAQ: ORBC) with a Buy rating and $9 price target.
Analysts Brian Ruttenbur and Corey Allen felt that ORBCOMM is “extremely well-positioned for growth” in the Machine-to-Machine (M2M) market as a leading provider with “the largest market share based on number of subscribers.”
According to CRT, M2M “refers to technologies that allow both wireless and wired systems to communicate with other devices. This system of technologies can provide automated data collection and transmission, such as tracking and monitoring the status of vehicles, containers, or ships including the monitoring of important information such as location, temperature, or inventory status.”
Drivers of the M2M market include:
1. Improved Efficiencies and ROI with a one-year or less payback.
2. Food Safety Legislation requiring food to be tracked.
3. Automatic Identification Systems for tracking cargo ships.
CRT suggested that the company’s new satellite constellation will allow for increased speed, reliability and connectivity. CRT expects that “ORBCOMM will experience solid top line growth over the next three years, with a more than 13% CAGR from 2014 through 2016.”
ORBCOMM recently traded at $5.88, up 1.2 percent.
Latest Ratings for ORBC
Date Firm Action From To
Sep 2014 CRT Capital Initiates Coverage on Buy
Jul 2014 Macquarie Initiates Coverage on Neutral
Jun 2014 First Analysis Initiates Coverage on Equal-weight
his stocks are down. Our stocks are up. So he hides. IDSY will slip from $10 to $9 a couple of months from now and he will come out and say what morons we are. Or Avis will go from $35 to $36 and he will say what a great investment it is. He has done this countless times.
I can't wait until he downvotes this. I know he reads every post from me. It gives me great enjoyment to get under his skin time and time again.
a 15K and 16K block at the close. Someone wanted in before end of quarter
billy can't elaborate. He's too busy picking on my stocks that are up 10% since he panned them while his are down 40% in the same time period.
I would not touch this company with a ten foot pole. How can every other oil and gas company be near their highs while this has gone no where?
The IDSY system pays for itself in less than 1 year and has been piloted by Avis for over 15 years. YEARS!!! the Avis IT folks want something that will be state of the art for 10 years. Good luck with that. Yet they go out and buy ZIPCar for 5X the cost of the IDSY system
Someone at Avis needs to lose their job over this.
The Avis IT folks want a 10 year solution. 10 years!!!! They should be happy if an IT solution lasts 3 years. It pays for itself in less than 1 year. 3 years is more than paid for.
So I wanted to rent a car in August out of Seattle for 5 days. Avis and Hertz wanted $800 for an Economy car. Enterprise wanted $200. Guess who I went with?
Avis Budget Group Inc. (NASDAQ: CAR) shares tanked Tuesday after an executive warned that fleet costs will be higher than expected and that business in Europe was weak over the summer.
Chief Financial Officer David B. Wyshner made the remarks at an investment conference Tuesday sponsored by Deutsche Bank and said that fleet costs will be above the higher end of the company's previously predicted range.
Avis executives also warned of a windowless white van stalking youngsters near their corporate office in Palm Beach. License plate: KCBOY2
Too bad they didn't fully roll out our Rental Fleet system which lowers costs.