Come one guys! You've all got his title incorrect - it was TRIPTENS (all caps); I remember having many conversations with him on this message board along with the rest of you; if I'm not mistaken, TRIPTENS' health wasn't so great the last time we corresponded; but anyway, congratulations to those of you who still believe in this company and are still invested in it - a very good day!
CAT has to realize that the worst thing it could do at this point would be to cut out devices (which Calamp is providing) needed to evaluate the efficiencies of its worldwide equipment. Who knows - maybe Calamp devices may have already provided enough data to CAT, that CAT was able to make cost saving measures based on this data.
Anyone assuming that Calamp's guidance would be lowered because of the events unfolding at Caterpillar has no idea what Calamp's business is all about.
My favorite Yogi Berraism: "They should put an asterisk after Johnny Bench's home run record because he hit most of them on artificial turf." Rest in peace, Yogi.
Hiram, ten years ago, you would have vehemently scolded someone who used CAMP's message board to promote their own favorite stock - and I agreed with you 100% - shame, shame, shame!
And do you actually believe it will take two years for Calamp to hit $20 again?!! I agree with you that Calamp was seriously overvalued when it was in the thirties last year; but if you were following Calamp's activities over the past year, the drop all the way back to the mid-teens and the amount of time it has languished here is unwarranted, considering the impressive steady growth in Calamp's bottom line and prospects going forward.
Just my opinion, but I can't help think that this is more significant than just another contract to supply a platform for an IOT company; Thingtech is a private company that is located in a vital geographic area (Atlanta); Calamp is establishing synergies with a number of private firms; as these synergies blossom, Calamp has the financial resources to purchase companies that would immediately enhance its financial and strategic position, as it did with Crashboxx, resulting in immediately accretive earnings for Calamp, along with a larger subscriber base, which is essential to profit margin growth.
dbtunr, how can you state with such assurances what IDSY has been doing (and thinking) over the past year? I read IDSY's latest conference call transcript, and it sounds as if they are just spinning their wheels over there, while they are bleeding serious cash, what little is left; they maybe supply their technology to a few customers; but it sounds as if that technology is so bad, they are "retuning" it (CEO's own words) - It's pretty obvious that IDSY's platform is not meeting customer expectations.
So, you have IDSY losing customers and cash over the past year and supplying its customers with an inadequate software platform for its inadequate products - it sound like a juicy takeover target....LOL!
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.