I have been following this co. for 2+
My average cost $14. Been in & out 4 times, just
hoping to catch the ride back up.
report has led to a decline of the stock. I have always
been disappointed by the co.
leaving (don't they sign contracts to stay with the co?),
what is your opinion on the upcoming
I got out at $8. I may make a last stand, but
feel more of the same and don't see any compelling
reason to jump back in.
NEED some input!!
In their last conference call, they made mention
of addition restructuring for 4Q. They also felt
additional charges may be added to 1Q 2000.
thing that that is different is the delay in reporting.
I feel they want to make sure all charges are
reported correctly within IRS guidelines. It is much
better to do this now, then make a correction later that
jolt investers and analyst's. A company that
re-reports earnings, can be very negative.
This is my
opinion....Are there others that agree or disagree?
Itri is making money, very little. Their problem
is growth. There is NO growth. They
positioned for an earnings explosion, if and only if they
can increase their sales.
The street loves
companies that are growing over 20-30% a year. When ulities
start buying is anyone's guess.
I would give
them another 9-10 months for a sign. Y2K should be
behind them. However, things could change
sooner..........still hanging tight.
Well, at least ITRON is making money.
is needed is a boost in sales. Sales have been flat
and are projected to be flat for several quaters. It
is going to be a slow process....
has a negative book value and loses around $2 peer
share,,,with projected loses looking forward... just got
hammered and lost 62% of it's value.
This makes me
appreciate Itron more than ever. Mike said we have the bread
and butter...maybe he can serve up a few steaks down
I am a little pissed too. The retail stocks were
out of favor and NOBODY wanted to own them. That was
3 years ago and look at them now. Itron is out of
favor on wallstreet and when and if they turn the
corner, maybe we can all write about momemtem players
starting to take part of the move.
I have been
waiting for 2 years and have bought at an average $16. I
am waiting just like you. The pink sheet comment was
a worse case senario.
Sorry if I offended
you, but this baby can go....UP or DOWN!!
I remember a fewe years ago Wal*Mart was stuck
around $21. No one
on wallstreet wanted to own it.
The retail sector was dead!!
Today, they can't
get enough of it.
Will ITRON follow this path
or will we have to look on the pink
sheets for a
I noticed that in the past, the company would
expand on the next quarter. Mike last quarter said the
company would be flat for the remainder of this year
(looking out 6 mos.).
Now we are told that 2000
will be flat. Take it as a conservative outlook to
avoid any lawsuits. The shocker is looking forward for
the entire year as being flat (no sales increase
seen). Sure, the company is trimming costs to improve
the bottom line, but until the orders start to flow
in, I don't see any move in the stock. So if nothing
happens during 2000,
I don't see the stock trading
above 6. It is hard to hold a stock for that long and
see no gain. On the other side, by the time we figure
out that the utilities are buying, we may have messed
a 6 + point run. I have seen this stock jump 8-10
points in a couple of days.....of course this was a few
Here we go again. I hope we hear good news this
Anyway, I will post this and expect a lot
of feedback Thurs night
or Friday from a few of
Itri will report earnings at 1:00 PDT on Thursday.
This will be followed by a conference call with
analysts at 1:45 PDT.
A 48 hour replay is open to all
investors starting at 3:45 PDT. To access this call
1-800-633-8284 and enter reservation #12690910. Mike Chesser
will be a feature speaker.
Good Luck to all!
Slb has deals with itri and itri's competitors.
Check CNDS message board. I doubt deals with slb will
push it over the top.
A deal here and a deal there
I think we are coming off the bottom and
have a good upside potential. I have been in for over
two years and still think
our day is coming. The
group is out of favor and when it turns
back and enjoy the ride. This is just my opion...
When they went public where was the competition?
Years later they are selling to second parties. What
years ago was sell direct and ate the
deregulation and competition has changed
all of that to a large degree.
There are two things that really
1. deregulation (gave the competition 2-3 years to
2. They are offering contracts with
bargain basement deals.
The SCE deal appears to be
a 11 year lease. All the costs associated to
installing these units are paid by the company.
their money back, plus profit, over 11 years.
the costs are paid upfront, how do they write-off
and what year do they show a profit?
addition, they may have to borrow a lot of money to
this and other deals to come. so when will the bottom
be positively affected? This is great for the
utilities and should bring a flood of new contracts. After
all, why not buy
for little or no
This is really great for the company, but when does
I look at it like buying a computer. If I were
going to buy 1 million computers over 2- 3 years,
I would not sign a contract for the entire order.
Let's face it, with technology, I will bet that I can
buy 350,000 now, and next year, I can buy another
350,000 that offers more at a cheaper price. So it would
be very smart to place orders over a long period of
time to take advandage of the newer technology, that
will probably be cheaper.
I paid $1500 for my
first computer (486dx, 120 mg, 4 mg ram, etc}
ANYONE WANT TO BUY IT FOR $999 WITH A VGA MONITOR?
A few months ago I got my monthly magazine from
my utility co-operative that covers 1/3 of my state.
There was an article by them about deregulation and it
went into detail about California. Basically, it said
that around 225 companies appeared and were going
after the business in Cal. However, there is now only
around 25 left and they are primarily going after the
industry end user. A lot of big names have got out of the
fray. Savings, were only around 35 cents per month for
residential customers, if that much.
It appears that
the scare is about over and the big ulitity companies
can start to spend money on other things instead of
heavy advertising costs to keep there market share. I
think they will re-direct their thoughts on upgrading
now to stay ahead of any competition that may be out
there. After all, advertising does not come cheap and if
you are spending a lot of money to keep your
business, there is nothing left.
We are going through downgrades in earnings. This
is what is shaking out the sellers and the buyers
are on the sideline. And I hate it when I hear that
we are at the bottom. That usually means we are
Also, I hear buyout rumors about
every company listed. That doesn't push the price up.
How many companies have been bought out at their low?
Either this company has serious problems that will be
down the road or this baby is just totally out of
I would guess that the contract would bring a
small return to the bottom line. This stock is so out
of favor (especially with earnings around the
corner), no one wants to touch it.
I am surprised
that there has been no post about the stock
Am I wrong or are we setting new all-time lows? A
technician probably could not pick a bottom.
followed a small company that fell from 28 to 8. Insiders
were buying the heck out of it and the company over 1
year bought back 3 million shares. In fact the CEO
took a 10% pay cut until the company turned around.
Again, everyone hated it, even with all this news. The
company was out of favor. Like ITRON, the industry was in
a slump. When things begain to turn and the company
reported better than expected earnings, the stock ran up
in 3 months from 9 to 19 1/2.....now several
analysts have upgraded the company, even as I type
I for one never thought the price would fall below
12 (a 3 year low). When it fell to 8 everyone on the
boards hated it, sold and
said it was going to 6. I
panicked and sold at 10(before the drop) only to watch it
bottom for a month, then it took off. I was so turned
off that I felt any move up was going to follow with
a drop back down again. It shook a lot of us
I am usually wrong, I don't think we are near a
bottom.....Someone please tell me I am wrong.
What day does ITRON report their earning?
I don't recall that they pre-announce earnings and have ever done so in the past. Can someone tell me if they pre-announce or are we at their mercy?
The drift of the stock has me nervous, especially in light of the Forbes report..........if it is or will be true.