the Board of Directors has declared the Company's quarterly cash dividend of $0.325 per share of common stock for the fourth quarter of fiscal 2014. The cash dividend will be paid on May 30, 2014 to stockholders of record on May 16, 2014.
That makes the ex-day May 14. Your brokerage is wrong
should also mention that revenue and earnings have not changed in 3 years either. Flat. Jagid bet everything on Avis. Stupid bet. He had no "Plan B".
Core VMS has added new technology and product lines now (cell AND wifi), combined their top 2 offerings into one hardware footprint, added patents, and is rolling out Analytics. Long term customers are in the refresh cycle. New customers are coming on board. We are at the inflection point.
If someone was looking to buy the company, this is the perfect time.
other thread is wrong
the disconcerting thing about flat revenues over 3 years is that executive compensation is probably up 25% in that time. How did the BOD justify that?
Interesting that Numerex just announced they were buying Omnilinks for $37.5M or 3X TTM sales. Omnilinks has a product that competes with AI division. Too bad we didn't sell AI to them for $40M
IDSY trades on an enterprise valuation of less than 1.5X sales.
is that her angle here? To drum up donations to her stupid website? Seems ole Lynne Haley is trying to pull a fast one. Her posts by her and her alt's are now considered illegal SPAM with intent to deceive. I believe she should now be reported to the FTC. This is a serious offense and has mandatory jail time and fines. Dobbs should go after her just with this
Wouldn't it be ironic if that's what gets her locked up?
3X sales would be $10/sh. 3X sales for AI would be $50M+ (or about the Enterprise value of all of IDSY)
If IDSY could sell AI for $50M+, they could do a tender for 6.2M shares at $6 (a premium to the current price). Insiders would not be allowed to sell their approx 2M+ shares. So anyone who wanted out, could get out at $6. The resulting company would have 6M outstanding shares (2M+ from insiders) and sales of about $24M with cash of $3+/sh
I even think the $50M for AI would be tax free as the company could use it's huge reserve of NOL's
I did work for another search company (not google) and one of the things I worked on was document deduplication; knowing that the content of one document is essentially the same as another. It then shows up at the bottom of the search as "n" duplicate sites removed
AI is just not growing. The money gained from selling it is better used to buy back shares. As VMS takes off and becomes more profitable, the lower share count adds to EPS. The tender will finally get rid off all the eager sellers. Would also like to "force" Avis to be a seller. I don't like the fact that they have shares.
Another one of my big holdings, CLCT, did a tender a few years back at $5, now near $23 with a 6% yield. They bought back 20% of the shares in the tender and the stock never looked back.
As a comparison CAMP sells for 2.7X and FLTX sells for 6.5X (wow! talk about overvalued)
NMRX sells for 2.5X so they actually bought a company for a higher valuation then they have themselves.
IDSY bought AI from GE a little over 3 years ago for 1X sales. AI may be a DULLARD, but it was bought at a good price and could be spun out at a profit. I would rather sell off AI and buy another VMS company or buyback stock
I just looked at the April 2013 proxy statement and your assertion is a LIE. There are sections on Director compensation and Executive Compensation. These sections, in fact, comprise about 80% of the proxy. It goes into intricate detail on their pay, bonuses, options, etc. Same as any other company.
Just making stuff up is going to get you in hot water
For the life of me, I don't know why Dobbs doesn't sue you.