Hmm, I hope you have a good comparison. Sears was the first stock I ever purchased back in early 80's. It was around $17 a share, sold it early 2000's for about $65. In the mean time it spun off Allstate, Morgan Stanley and Discover Financial. Don't expect TC to do this kind of stuff, but would like to see a positive comparison, just reminiscing. :)
Seems like they are the "middleman", "intermediary", "go-between", etc.
Unfortunately, the type of player that most businesses try to eliminate or avoid.
Sir, you made me curious so I went back and looked at your recent insightful, data driven postings. This is what I found............
I wish you were more like Chaucer
learn how to spell, it just shows that you are sadly lacking in the education department
I can give you about 3,000
you are even dumber than I thought, " an IRS agent looks at every return" are you kidding me, you make Bob look like a Nobel prize winner
no self respecting journalist is going to pay attention to some moron who can't spell better than a third grader
this has the "potential" to be a very big deal if they don't screw it up
I am no fan of DeBello's but give me one example of someone who is out to get DeBello who matters. Cretans on this board don't count!
After those numbers, the call, and the upcoming UK and Brazil legislation how can the stock sell off?
not really, it is a question of how much. For a couple of cents nobody is going anywhere. Do you have any concept of how much time and effort goes into a bank accepting a new piece of software. There are tremendous concerns about safety and reliability, not to mention that for a few cents they are not going to take a chance on a product that does not work well.
i'm hoping the commercial app is going to make a big difference
you can rest assured that there are more banks signed up now than there were at the last CC
the volume is anemic at best
I think holding into earnings is the smart play if you are in now
as the MiSnap software evolves and as the cameras on the smartphones get better the need for improving the remote deposit issues will slowly disappear. Sorry to burst your bubble
Presently the US consumers write 60% of the World's checks. This will not last much longer. IMO, there is so much innovation in US payment systems that there will be a quick switch when it happens and it is happening. The US payment structure is assimilating this conversion. Mobile Banking is here to stay and grow. Check Writing will linger.
Now, if Mitek could obtain the small business checks they would see some additional growth (they already have most of the consumers) before the conversion. But, Most of the small to medium business's are encouraged to set up with scanners so the banks make some $. The banks are not helping Mitek.
As for new product, IMO, Mitek does not have the money or means to develop them in this competitive environment. The best you can hope for is a buyout or merger. But, I see this as a plus plus for management and a push push for shareholders. JMO.
Couple of items you should read up on.........
1. The U.S. Postal Service Office of Inspector General report on "An Examination of Paper and Electronic Transactional Mail" (Feb. 2015)
2. NACHA Study: Direct Payment via ACH is the Leading Consumer Bill Payment Method with Direct Payments for Bill Pay Exceed Both Credit Card and Mailed Payments (may 2013)
The trends are going the wrong way for Picture Pay. Soon there will be less and less or little to photograph.
Mcp is not the best example, I believe they have been notified,,,,,,,,,
Have you folks considered the effects of delisting? The trend indicates that could take place relatively soon, or a reverse split. Have to consider it.
Light, I wish you good luck with the 12,5's, although, I do not agree with your decision. The sure thing is purchasing the 9.75 bonds yielding 7.5%. The 9.75's would have placed you first in line in case of BK, while providing a good return. By purchasing the 12.5's you are getting a 17% return but next to last in line for BK with last in line being the shareholders. You would have better leverage by keeping the shares. Also, the 9.75's could also allow you to participate in the "new" TC, post BK. JMO
OK, what where you implying, when you, when you said....
"$1B price tag that Lexmark paid for Kofax is a compelling argument for Mitek at this pps"
How do you estimate the value of Mitek? What metrics are you using?
The most compelling metric is that they have accounts/access to over 3,000 financial institutions. But, do they? Or, do the resellers have the access? They tried to establish their own sales force and appeared to have failed.
You are equating Mitek to Kofax for technology and takeover/merger potential.
Kofax revenue is almost 300M, Mitek 20M.
Kofax shows a profit, Mitek losses.
Kofax has retained earnings over 250M, Mitek -35M.
Kofax has an array of products, Mitek one.
Kofax is Worldwide, Mitek is US Banks.
IMO, You could make an argument that Mitek is worth about $2-3/share based on Revenue & Cash.
IMO, there does not seem to be one thing illegal with the payment structure of Mitek. It is all in black and white and even condoned by the board and ratified by shareholder voting.