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Daegis Inc. Message Board

friendofthetrend 185 posts  |  Last Activity: 7 hours ago Member since: Jan 5, 2001
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  • friendofthetrend by friendofthetrend Jan 25, 2014 7:40 AM Flag

    Since November 2011 when Allied introduced Picture Pay, which is driven by Mitek's mobile photo bill pay technology, the company has signed up 12 client community banks and credit unions. Those institutions are seeing month-over-month growth of 5 to 15% in bill payments with the solution, according to the data released by Allied and Mitek. One client credit union has seen growth rates as high 25% month-over-month in users and payments, says Ralph Marcuccilli, Allied Payment Network's president and CEO.
    "Traditional mobile pay has seen anemic growth because of the inconvenience of having to type in all of the payment information. But if banks can't translate online bill pay to mobile, then they will risk losing their customer relationships," Marcuccilli warns.

  • friendofthetrend friendofthetrend Jan 26, 2014 6:48 PM Flag

    A lot of Faruqi's lawsuits are over mergers and acquisitions. Article says of this latest one: If it were a perfect world, this case would have simply been graciously withdrawn by all the plaintiffs’ lawyers …

    About 80% of these cases settle as the Talbots case did, with no additional money for shareholders. Instead, companies agree to make more disclosures and pay the plaintiffs’ legal fees. In return, they get to close their deal without the threat of a long court battle.

  • friendofthetrend by friendofthetrend Jan 27, 2014 1:58 PM Flag

    and adjustments due to market sell-off yesterday, imo. Could be a correction coming.

    The stock goes up 300% and pulls back 10%. It's a harsh slash but you have to take the 300% good along with along with the 10% bad.

    I did trade some today and bought back but not nearly enough, in hindsight.

    The lower it goes the more interesting it should look to investors looking at a $10 target.

    We'll see how it closes.

  • Reply to

    Ding ding ding

    by chart_watcher99 Jan 28, 2014 1:23 PM
    friendofthetrend friendofthetrend Jan 28, 2014 3:32 PM Flag

    Wow! Impressive action today. I got freaked out of about 12% of my shares when markets tanked but it's still the second biggest holding and this is looking real good. Congrats!!

  • Reply to

    Earnings just ok, not dazzling

    by o08o.ugh64w Jan 28, 2014 4:17 PM
    friendofthetrend friendofthetrend Jan 28, 2014 6:30 PM Flag

    Revs. have been, in 000's dollars :

    13,994 15,883 17,030 16.500 over last 4 Qs

    On CC, CEO says this is a seasonally slow Q. 2, 1 ,4 ,3 are the Q's listed in order with best first and worst last. So THIS Q is worst and we are comparing it to the BEST. So if the best is say at an average of 26% and the worst is 22-23% you can see there's a seasonal adjustment . CEO says he would be "extremely disappointed" if he did NOT see sequential growth next Q.

    So lets just say it's $17M next Q. That's a run rate of $68M as compared to 2013's $61.6.
    That's a 10% increase. Nothing mind blowing. But 2013 was up only 5% over 2012, so there is progress there. AND they say they are just starting to see more requests for proposals due to the increase in funding.

    On 5-20-2013 I reported on this message board
    From CC:

    "there was an 18% increase in iPerform revenues, which accounted for approximately 5% of our total fourth quarter revenues and was primarily related to the extended contract revenues."

    If you notice iPerform, is 5% of revenue but over 10% of the backlog.
    ****
    I went back to that post and copied and pasted.
    So iperform, I think, has higher margins and there's been a significant investment there but not too much ROI yet. Now, let's check progress in iperform. From earnings PR:

    Total backlog at the end of the third quarter was $36.8 million ... comprised of $4.4 million from iPerform.

    So that's now up to about 12% of the backlog. But due to timing of orders Iperform revs. were off by 8%. In spite of that iperform revs are $1.695M, or over 10% of totals revs. That's a decent increase from 5 to 10% of revs.So even with lumpy results there is progress there.

    So we have growing revs but road sensors are growing at 45% YOY. That's great.

    So higher margin revs and really gaining traction. So the overall picture is a ROI starting to come in from their iperform asset , higher margins, along with 10% growth but the proposals are just starting to roll.

  • Reply to

    No shares repurchased in the quarter

    by o08o.ugh64w Jan 28, 2014 5:28 PM
    friendofthetrend friendofthetrend Jan 28, 2014 6:41 PM Flag

    So if you scan the historical prices and volume, you'll see volume was way up, price was way up when compared to previous Q, a Q where they repurchased.

    This is favorable.

    They repurchased low and the free market pushed it higher. So the "buy back" investment, so far, was a good one,I think.

    And they may buy more. We'll see.

  • Reply to

    Why Are We Up So Much Today???

    by rockie999 Jan 28, 2014 3:41 PM
    friendofthetrend friendofthetrend Jan 28, 2014 6:57 PM Flag

    I wonder.

    Say there is a 60% chance of a 200% improvement in revs. If that just dawns on you, would you be willing to pay just 20% more right now?I think the market pushed it almost 20% higher because OG2 is coming soon enough and also, all the deals they've made may very well contribute to a very large improvement- if it all pans out.

    But the question reminds me of when I asked my Mom, why, at her church, the homily is 3 minutes and the Mass is over in 20 Min. and at ours the homilies run 25-30 Min. and the Mass is well over an hour.

    Shhhh she say's- we like it that way!

  • "– because in today's global economy, first-class jobs gravitate to first-class infrastructure...

    lawmakers could protect 3 million jobs if they pass surface transportation and waterways bills by the summer."

    ^^^^^^^^^^^^^^^^^^
    “It is commendable that President Obama once again used his State of the Union address to talk about the need to repair the nation’s transportation infrastructure,” CEO Pete Ruane said in a statement. “Now we would like to see specific plans about how Congress and president plan to tackle the underlying problem: the need for new, long-term revenues.”

  • friendofthetrend by friendofthetrend Jan 30, 2014 10:14 AM Flag

    Georgia Gov. Nathan Deal said the region was caught off guard by weather predictions. During a Tuesday night briefing, the governor called the weather event “an unexpected storm” that hit the metro area. Citing forecasts, he said most of the effects of the storm would be south.
    “The National Weather Service continually had their modeling showing that the city of Atlanta would not be the primary area where the storm would hit, that it would be south of Atlanta,” Deal said Wednesday.
    “Some of the local meteorologists were more correct on their predictions, that the storm center might be 50 miles north of where the National Weather Service’s modeling had indicated that it would be,” he said.

    Liane Levetan, a former Georgia state senator, is one of the many Atlantans who wants more rail and road modifications. She thinks the gridlock could turn out to be a “godsend.”
    “You’ve got to have more transportation available. We really are a metropolis now,” she said.

    “For us to be forward thinking, maybe this will be the catalyst. We’re being penny wise and pound foolish. If we want to be growth leaders, people have got to move around,” she said.

  • Reply to

    Why can't MITK hold.................?????

    by patientmd Jan 30, 2014 9:21 AM
    friendofthetrend friendofthetrend Jan 30, 2014 11:09 AM Flag

    Seems Mitk has become a trading stock. Any time it goes up they take gains on swing trades. It's also being shorted, covered re-shorted on whatever the market perceives as short term pivot points.

    So all these moves are exaggerated with trading noise and there seems to be no straight line in any direction.

    But the 50 dma and 200 dma are holding and sloping up. It's overall bullish right now as long as those conditions remain. That's basic, simple TA.

    From a fundamental perspective, as long as there remains a trend toward quarterly sequential gains in revs. this stock can go a lot higher, imo.

    A failure to sequentially grow in any one Q might not be a disaster if the market perceives, based on CC and so forth that sequential growth is the rule NOT the exception because that's what assures the main goal of acceleration in YOY growth. Anyone long expects that to happen. You could say the products and business model are still new and just getting to market and some slack can be cut for a while but we are getting to the point where it's showtime as far as growth goes.

    The increase in number of shares is a tide to go against but longs expect a strong swimmer will emerge with nice gains in revenues.

    The products of are gold medalist stuff- no doubt about that. IMO.They have a recurring revenue stream element to them. That's a beautiful thing to think about but, as I say, it's showtime.

  • Reply to

    Atlanta traffic catastrophe

    by friendofthetrend Jan 30, 2014 10:14 AM
    friendofthetrend friendofthetrend Jan 31, 2014 9:35 AM Flag

    Iteris has a presence in GA. From Iteris news archives:

    Georgia DOT Re-Launches Improved NaviGAtor 511 Travel Information System: Features New Technology, Smart-Phone App & Sponsorship Partners
    4/14/2011

    ***

    You could be a Tea Party person but no one likes traffic disasters. More sensors. Better utilization of the infrastructure you already have, might sound a lot better about now.

    For example Iteris offers a software solution MDSS:
    "Weather and Pavement Information provides:
    The ability and knowledge needed to effectively attack weather-related issues on your roadway
    Awareness of impending adverse weather and corresponding pavement conditions
    Variety of options of maintenance weather products that help you save resources, money, and lives"

    (For a 1-17-2014 article on the governments involvement with Iteris on this this it may be worth Googeling: Smart Snowplow Tech Turns Every Vehicle into a Weather Sensor)

    Truckers are also lobbying for traffic solutions and funding:

    They quote a recent study about the building crises:

    "The Texas A&M's University’s Transportation Institute says that U.S. drivers as a whole lost $121 billion in 2011 due to traffic congestion — an average of $818 per commuter on American roads."

    *****

    Sometimes it takes a few good polar vortexes and disasters to invoke political will for funding.

  • Reply to

    They cant short anymore..

    by basary Jan 30, 2014 3:50 PM
    friendofthetrend friendofthetrend Jan 31, 2014 10:15 AM Flag

    Bounce coming in S&P. Support 10 pts away according to Ralph Acampora in Yahoo article today. Mitk rally coming too, imo.

    "For Acampora, the next target for the S&P 500 index is headed towards its 200-day moving average, or at least 1,746, its 125-day moving average. "From there, you could have one very nice snappy rally," says Acampora."

  • Reply to

    What a flaming pc of dog #$%$

    by bellami2000 Jan 30, 2014 6:19 PM
    friendofthetrend friendofthetrend Jan 31, 2014 10:55 AM Flag

    Totally disagree. Insider buying in 8-2013

    The price fluctuation is normal for early stage companies with limited revs. but steadily executing. No risk, no reward.

    If and when the infection point comes where Axogen products become the perceived procedure of choice- forget it - sales ramp wildly- the stock explodes. IMO.

  • Reply to

    Atlanta traffic catastrophe

    by friendofthetrend Jan 30, 2014 10:14 AM
    friendofthetrend friendofthetrend Jan 31, 2014 11:22 AM Flag

    IMO, It's good for Iteris whenever there is a traffic crises that reaches national attention. There is always hope of more funding.

    Jan. 30, 2014 -- /PRNewswire/ -- A bipartisan group of governors is calling on Congress to take immediate action to avoid a looming national crisis – the expiration of national highway funding. Today, 17 Governors signed a letter urging congressional members to act and avoid a potential nationwide transportation funding crisis.

    I noticed, Tea Party hero,Governor Scott Walker, is one of the five Republican govs. signing. That's a good sign. Could provide some cover for other Republicans??

  • friendofthetrend friendofthetrend Jan 31, 2014 3:12 PM Flag

    Gravestone doji forming. For candlestick traders, It indicates that a reversal of a short term dowtrend is about to occur.

  • That puts it with no overhead resistance till $10.

    The acquisitions prove the existence of a skill set. The success of applying that skill set resulted in 5 Yr. highs and a Nasdaq listing. I doubt they will simply stop acquiring accretively. So the upside, to me, could be $10 or higher. A song writer with the proven skills to write a couple of hits usually has a career thing going.

  • friendofthetrend by friendofthetrend Feb 4, 2014 9:42 AM Flag

    This stock seems to be fixated on it.

    Doesn't mean it can't deny what it really wants to do and drop a bit.

    But overall GTT is acting pretty well.

    Watch for increasing volume as it approaches overhead resistance.

    The owners of GTT, the stock, held- so far- through a big market sell off and now, with futures up and an oversold rally perhaps in the making, intensely swoon for gains.

    That's my take on this song.

    I'm Jason Castro. The dread locked American Idol contender who, some thought, DID deserve to win the "Most Relieved To Be Kicked OFF The SHOW" award. Like Jason, who would much rather be having a toke, I feel the faint call of responsibility to produce- because, for some unbeknownst reason- it's my turn.LOL

  • friendofthetrend friendofthetrend Feb 6, 2014 4:25 PM Flag

    Good Q. Not a blow away. But revs. very decent.

    Executing and closing in on profitibilty. Just a matter of time.

    We never know if a large payment came in just under the wire on any given Q that would skew Q to Q comparisons.

    What's more important is if steady improvement is happening over the longer run. Products are well received and they are executing which... to me... they are.

    I'm happy.

  • friendofthetrend friendofthetrend Feb 6, 2014 4:58 PM Flag

    Just a short time ago it was considered an accomplishment to exceed $3M in revs three times in a row.
    Now we can see the progress.
    Two times over $4M.
    $5 and $6M is a matter of time.

    That's when profis and EBITDA and free cash flow should begin to sustain the future.

    It was important NOT to stumble .They did not and have not for a long time as far as revs go.

    Eventually more and more revs, as a percent overall, will be recurring revs. To me, that's a higher quality revenue stream as far as valuations go.

    To me, you can't have a cut-off and say they HAVE to hit $5M they failed and I'm selling. The reason is, revenues are just beginning to smooth out and there is no clear cut way to judge sequential growth over the short period-- only over longer time frames. That is the only way to discount anomilies and lumps.

    It's like looking at a moving200day average as something to take out daily noise and look at the actual trend.

    The days of $3M in revs should be behind now. Next Q after this is seasonally more headwind but products are gaing momentum.

  • Reply to

    Earnings

    by steves528100 Feb 4, 2014 9:40 PM
    friendofthetrend friendofthetrend Feb 6, 2014 5:22 PM Flag

    For banks it was a no brainer to offer Mobile Depoit to their customers.It was tablestakes.

    That didn't mean they would promote it's usage.

    They just did not want to be accused of NOT having it.

    They may have even wanted the usage to be slow at first, as there was also the idea of integration into their system and they could never be sure of what unforseen glitches there may be untill it's really integrated and field tested.

    As they assess their exposure to fraud and they get the hang of how it can save them money in processing fees that "$1100 per month from each live bank" will soon be a lot more.

    To us as people who own smart phones ad don't want to wait in line to cash a check it's a no brainer but to banks- they had to be the prudent bankers that they are.

    But we are getting there.

    All IMO.

DAEG
1.2568-0.0032(-0.25%)Apr 24 3:47 PMEDT

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