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Daegis Inc. Message Board

friendofthetrend 45 posts  |  Last Activity: Jul 31, 2015 1:18 PM Member since: Jan 5, 2001
  • friendofthetrend by friendofthetrend Jul 31, 2015 1:18 PM Flag

    Goes to Obama any time now.

  • Reply to

    Mitek Systems off the radar potential ( Article)

    by nadullah62 Jul 30, 2015 9:30 AM
    friendofthetrend friendofthetrend Jul 30, 2015 12:12 PM Flag

    Thanks! I think the focus will be away from the lawsuit and insider selling and more on their new ID apps. We can even take our eyes off of MD because it seems a given to be increasing 30 to 40% a year.

    We have a former CEO of Master Card international on the board, a Harvard CEO and a big opportunity in a huge market ahead. Identity solutions really plays to the core strengths and competencies of Mitek stretching back over the decades with the US govt and really blooming lately with MD and the ID checker acuisition. Could be a game changer for months to come and beyond. Hoping to exceed old highs. Just keep holding, imo.

  • Reply to

    Mitek Systems off the radar potential ( Article)

    by nadullah62 Jul 30, 2015 9:30 AM
    friendofthetrend friendofthetrend Jul 30, 2015 11:36 AM Flag

    If you check SSRI, Zacks has a word for word form letter write up on them.

    But I'm expecting gains as the revs rise steadily. New products could be the blockbuster we've been looking for to follow up on MD.The Insider selling has been going on all along .It's understandable.It will subside.Debello actually has added to his holdings, net. The lawsuits are behind them.

    The sky is looking blue and I'm planning to hold this to$12 and beyond.

    I think people will be verifying there ID via selfies in the future in order to transact via their beloved smart phones. I think it will be international and bigger than MD. MITK may be positioned to cash in on yet another exploding social phenomenon.

  • Reply to

    SeekingAlpha has a write up.

    by friendofthetrend Jul 29, 2015 9:51 PM
    friendofthetrend friendofthetrend Jul 30, 2015 9:35 AM Flag

    They are self financing Clearpath so they haven't had to sell anyone on it's merits except for themselves, really. I've seen no big insider buys or professional capital plunking down money on this plan. Former CEO bought some and they have the share buy back. Getting a qualified CEO to commit would help.The fact that insiders own 28% means there is skin on the game. I'm still holding.

  • friendofthetrend by friendofthetrend Jul 29, 2015 9:51 PM Flag

    I think some of the issues brought up by the author will be addressed in the next CC. It will be interesting to see if they can get a well qualified CEO on board.

  • Reply to

    7-14-2015 article on DHS funding

    by friendofthetrend Jul 29, 2015 8:14 AM
    friendofthetrend friendofthetrend Jul 29, 2015 9:23 AM Flag

    I'm still holding. DYSL needs to see some funds released from sequester. DYSL has a good backlog but could use the cash payments. Maybe these are the types of movement they need- check this:

  • friendofthetrend by friendofthetrend Jul 29, 2015 8:14 AM Flag

    The House Appropriations Committee approved the last of its 12 appropriations bills for Fiscal Year 2016 Tuesday, voting 32-17 to send the Homeland Security appropriations bill to the House floor for a final vote.

    “With the approval of the 12th bill today, all committee work on funding measures is completed — the first time this has happened since 2009 — and this has been done at a rapid pace with several weeks left before the August recess,” Appropriations Chairman Hal Rogers (R-Ky.) said, at the end of the markup session. “In addition, six Appropriations bills have been approved by the full House. I congratulate the Committee on this impressive work.”

    The bill provides the Homeland Security Department with $39.3 billion in discretionary funding for FY 2016. That’s $337 million less than what DHS received in FY 2015 and $2.1 billion under what President Barack Obama asked for ...

  • Reply to

    $3.49 target

    by friendofthetrend Jul 28, 2015 11:22 AM
    friendofthetrend friendofthetrend Jul 28, 2015 9:24 PM Flag

    The 5 yr chart shows it going from under $1 in 2011 to $2.50 in 2014, pulling back to $1.50 and rallying to $1.83 today and making very bullish chart with a golden cross, a huge run up and a pullback to the 200dma along with a successful test and a big volume move into bullish territory above the up- sloping 50 and 200dma,

  • "If ITI no longer has to invest $6M or so a year in iperform and gets $20M in revs from these new investments in iperform and gets 80-85% margin on those revs and you run the numbers, the EBITDA per year could be close to the entire EV right now.

    But this is what they envision over next 2 or 3 years! They are hoping for revs that rival other sectors of business which run about $30m.

    So this stock could be dead money for a while. It could really be "watching grass grow" test of patience. But if it should happen to unfold as they hope it will , it could start earning $.70 a share as opposed to the .01 they have been making recently. Could go to $18, imo. And precision Ag and weather analytics is faster growth for forseeable future.

    My hope is that in about 6mos the PPS starts climbing decently.
    ...If I see insider buying or institutional interest soon I will probably double my shares. Otherwise I'll stand pat."

    ABOVE is a copy of my post 6 months ago 1-21-2015

    **insider own 28% of outstanding**

  • friendofthetrend by friendofthetrend Jul 28, 2015 11:22 AM Flag

    Purchased at $1.47 in 2010

    Last year saw record revenue and an increase in gross margin. The growth of the backlog by 10 per cent bodes well for future results. A return to profitability appears in the cards. Insiders own about 28 per cent. Initial Sell Target - $3.49

    Benj Gallander.

    There is a video on this and it's WELL worth finding. He likes the balance sheet. He was questioned about the way it hasn't gone anywhere and he had a good answer for that. If you cannot find the video I'll try to post a link or some way to find it.

  • friendofthetrend by friendofthetrend Jul 28, 2015 11:09 AM Flag

    The Senate late on July 27 agreed to limit debate on a six-year highway bill, paving the way for final passage within days. The bill, which includes a provision calling for the reauthorization of the Export-Import Bank, would keep highway programs funded for the first three years of authorization.

  • friendofthetrend by friendofthetrend Jul 28, 2015 10:05 AM Flag

    7-9-2015. Google it.

    Wynnfielld Partnersl took profits on 450K shares in 12-2014 but still hold 1.2 M shares. Meanwhile insiders have bought about 130K shares at around today's price. I like that they are buying right after the DCI deal.

  • friendofthetrend friendofthetrend Jul 24, 2015 9:32 AM Flag

    ARTH just did a private placement for $3m to help fund human trials. DYSL seems to be a much better investment and the market cap comparison between the two is a head scratcher. DYSL now calls the patch ONESTOP.

  • Reply to

    1,455,690 shares dumped at $1.70

    by catjorny31 Jul 23, 2015 6:20 PM
    friendofthetrend friendofthetrend Jul 23, 2015 8:58 PM Flag

    It must have been a pre arranged sale. I see it as a positive. It closed up on high volume.

  • Reply to

    Earnings next Thursday!

    by steves528100 Jul 16, 2015 11:08 AM
    friendofthetrend friendofthetrend Jul 23, 2015 8:55 PM Flag

    They were stuck in the $5.5M range for last 3 Q's.

    Now it's $6.4 and next Q should be near $7M. This is great.

    New acquisition has international reach and it's looking less and less like a one trick pony. Short squeeze and no resistance till 200dma and then a clean shot at $6.50,imo.

  • friendofthetrend by friendofthetrend Jul 23, 2015 8:10 PM Flag

    It's a good sign, right after the acquisition. Volume picking up.

  • Reply to

    1,455,690 shares dumped at $1.70

    by catjorny31 Jul 23, 2015 6:20 PM
    friendofthetrend friendofthetrend Jul 23, 2015 8:01 PM Flag

    There was a buyer. If it's stock buy back then the supply of stock was just reduced by 1.45M shares.

  • Reply to

    Earnings next Thursday!

    by steves528100 Jul 16, 2015 11:08 AM
    friendofthetrend friendofthetrend Jul 23, 2015 7:55 PM Flag

    $6.4! This is getting into hockey stick territory. Very nice. Going up!! Pushing a 40% growth rate! Could see some institutions returning to this stock.

  • friendofthetrend by friendofthetrend Jul 23, 2015 7:49 PM Flag

    Blows away estimates.

    Mitek up 7.8% on FQ3 beat, guidance hike
    Jul 23 2015, 17:24 ET | About: Mitek Systems Inc. (MITK) | By: Eric Jhonsa, SA News Editor Contact this editor with comments or a news tip
    With an FQ3 beat in tow, Mitek (NASDAQ:MITK) is hiking its FY15 (ends in September) sales guidance by $1M to $23.5M-$24.5M, above a $23.1M consensus.Mitek's mainstay Mobile Deposit solution is now licensed by over 4K financial institutions, up from 3,705 at the end of FQ2. Software revenue +47% Y/Y to $4.68M; services +19% to $1.76M.Sales/marketing spend fell 9% Y/Y to $1.65M; R&D fell 15% to $1.35M, and G&A 22% to $1.8M. Mitek ended FQ3 with $24M in cash/short-term investments, and no debt. The deferred revenue balance stood at $4M

  • Reply to

    Is this a big deal?

    by chart_watcher99 Jul 22, 2015 9:12 AM
    friendofthetrend friendofthetrend Jul 22, 2015 1:30 PM Flag

    Checking through the Conservis web site and clicking on "News", I notice a PR dated 11-2014 where they had $6B in assets under management. Now they boast a 33% increase.

    To have exposure to an area that can have that kind of growth is significant,IMO.

    I like the deal. Each new relationship helps ITI to become a more recognized and more credible big data supplier. Hopefully we'll hear, in next CC, how they may monetize this.

    If I see any insider or institutional buying I'll probably double what I have. But I'm liking this PR.

0.589-0.014(-2.29%)Jul 31 3:45 PMEDT