I like your very positive position on this stock going forward, spanspur, as you were not always this positive on CAMP; but your comments now are just what I've been thinking all along with this company. Mike Burdiek has been mentioning in conference calls that now that they've secured CAT, it's drawing interest with other companies. I suspect Toyota was one of the interested companies, as these types of contracts don't just happen overnight; and I also suspect others will follow.
Who knows maybe the size of these contracts will be such that Calamp may need a share of this cash to secure the amount of MRM hardware necessary to roll out these projects; but the great part of all of this is that with Calamp supplying the platform for these projects, fleet saas profits going forward should be constant and considerable, as you mentioned.
Calamp is also in a great position to purchase companies that would be accretive to Calamp's bottom line, also as Burdiek has mentioned; so that is there as well.
Some may think Calamp is getting weaker because it's losing some market cap; but actually, because of its strong Cash position, it has much going for it from the standpoint of potential acquisitions, and eventual market share.
Burdiek stated that he would be open to acquisitions if they are immediately accretive; and with other companies tanking in market cap, Calamp's cash position looks stronger and stronger. We all can relate to that thinking, as those who went to strong cash positions before this recent market tumble, are now in a much stronger position when the overall market eventually turns back up, because we can buy stocks much cheaper.
Calamp is in the same position with its strong cash position; even though it's losing some market cap (it's cash reserve is actually growing), Calamp will be in a great position to make a great value purchase (or two), if it wishes, when all is said and done.
It may be a real possibility with a number of these companies getting cheaper every day; Burdiek said, however, that Calamp is looking for companies that are immediately accretive to their earnings; that is the benefit of having a lot of cash; you can be in a position to purchase when other companies are losing market cap; yes, Calamp is also losing some market cap right now; but that's only because the overall market is tanking; but Calamp's cash available to scoop up other companies on the cheap is as large as its ever been!
It's probably insurnace for Toyota - have you read IDSY's latest earnings report - they're burning through cash, and their cash reserve is dwindling; Calamp, on the other hand reported its second straight positive earning report, is ripe in cash, and free cash flow. If I was Toyota, I'd be hedging my bet on IDSY - I'd be looking at a proven (and leading) player in this business, which is Calamp.
By the way, this isn't an IDSY pumping site; please stop wasting my time!
Just like Caterpillar, Calamp obviously worked closely with Toyota's specs to create a product (and PLATFORM) that will meet Toyota's needs; Calamp's foot is in the door! Who knows where it goes from there? This would appear to be a perfect opening for a new vertical; and it doesn't hurt to have "Toyota" on your resume!
Actually, I can see this being another organic vertical for Calamp, with many large corporations having fleets of forklifts in their possession - one more area of untapped potential.
dbtunr, we're talking about two different Toyota segments here; IDSY received a contract from the Toytota Truck segment; Calamp received a contract from the forklift segment - Apples and oranges - it's like Apple contracting a number of different companies for different parts to its cell phones; it will be beneficial for both companies.
It appears the two investor conferences over the past two days have had a positive effect on CAMP's share price, and why not? The stock is dirt cheap after two very positve earnings reports.
Trust me, moonshot, the technology Calamp is coming up with is very trustworthy, is not used to operate the machinery; it is strictly to keep the the owner of a fleet aware of where their machinery is and how it is being used; there's no chance that the Caterpillar machinery is going to turn into a Transformer and attack a city.
I think you should watch a few less "Terminator" movies - maybe "Kindergarten Cop" is more your speed.
I disagree, drensber; SWIR reported a loss in net (GAAP) earnings last quarter; CAMP reported a gain of 11 cents/shr GAAP earnings today. CAMP is simply making money; SWIR shows a lot of revenue; but net has to start showing a profit before that company starts heading in the right direction again.
It shouldn't affect Calamp at all because Modustri deals with maintenance of the vehicles, indicates when parts of the vehicles will need repair, etc.; where Calamp tracks vehicle location and allows CAT to monitor the effective utilization of that equipment. These are two services that will go hand-in-hand rather than compete against each other.
truth, you may be right, but they may be holding it down for the right reason; if you look at the volume, the largest volume is not at the high price of the day, but at the low points of the day; if the old saying is correct (buy low), the low volume at the high would indicate few sellers, and the higher volume at the lows would indicate more buyers, just a guess.
One consideration might be the investment conferences Calamp is involved in over the past few days; the company may be facilitating the inflow of new investors with desirable pricing.... again, just a guess!