Wednesday, January 11, 2012
1/11/12 Two steps back
Remember the old joke about economists predicting seven of the last three recessions? NGas bottom callers laugh about it every time they get together for a drink- which right now is pretty much all the time.
[edit] I'm unable to post comments below the lead post- only able to compose new posts or edit lead posts. Anyone else experiencing problems with 'Comments?'
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ReplyDeleteWith such a dominant footprint in the banking business, it's fair to ask where Mitek's future growth comes from. Suri says, effectively, don't worry. Mitek is developing new products, including a mobile bill-paying application – customers take a picture of their cable bill, for instance, send it digitally to their bank, and have the payment deducted from their account – that could see a rollout this year.
Other applications are on the drawing board. "Basically, Mitek's technology can turn any paper transaction into a digital product," Suri says.
The company's Mobile Balance Transfer product allows customers to digitally photograph credit-card statements and shop for a more-competitive rate. It's working with the insurance industry on several applications. One day, customers may be able to snap a photo of a dinner recipe, forward it to the supermarket, and have the ingredients for the meal delivered home.
But for now, Mitek's bread-and-butter remains mobile banking, and the company, McCrohan says, "is enabling the smartphone device to be a viable delivery channel for retail banking services."
test
ReplyDeletetestt
DeleteWell that's new. Seems to be working for me 2nd.
ReplyDelete2nd- Maybe close your browser?
ReplyDeletetest - natty is going to 0 - test
ReplyDeletereply test - if oil stays at $100, then natty COULD go negative BELIEVE IT OR NOT - test
DeleteIt could...or just flare it all off. Crazy.
Deletebut like jessee says,
ReplyDelete"JesseJan 11, 2012 08:28 AM
TOF-
Don't read any articles. Just look at the charts. The charts tell the story much better than articles."
test
ReplyDeletenot sure to make of this but the shares of IRE on the Irish markets are trading above September levels…if the ADRs were there it would be almost a 3 bagger.
ReplyDeleteBTW..is it really THAT hard to get pictures instead of that stupid B thing. Just pick for favorite sports team if you can't come up with something fun.
ReplyDeleteNEW YORK--(BUSINESS WIRE)--Fitch Ratings says personal bankruptcy filings declined for the first time in four years in 2011, as economic conditions improved marginally during most of the year and consumers reigned in borrowing and paid down existing debt. According to National Bankruptcy Research Center figures, U.S. personal bankruptcy filings declined 11.6% from 2010. The results bettered Fitch's more moderate 5% decline forecast for the year. Actual filings fell 176,892 from 1,530,078 in 2010 to 1,353,186 in 2011.
ReplyDeleteThe results helped drive the rapidly improving collateral performance in consumer ABS sectors throughout 2011. Notably credit card chargeoffs, which are directly affected by bankruptcy filings, fell significantly throughout the year, declining more than 37% from year-end 2010 to year-end 2011. Bankruptcy filings typically comprise 20%-30% of credit card chargeoffs while contractual defaults make up the rest. Lower consumer bankruptcies have a less profound, but still important, effect on auto ABS, given the utility and importance of the car to the borrower. Nonetheless, lower filings do have a positive effect on default frequencies, all else being equal.
Guys- Check out VELT. I am.
ReplyDeleteholy sht VELT...i was looking at that at same time i found mitk 9 mths ago...decimated since
ReplyDeletevery strange, i use firefox to post on TT. When I try to bring up TT using explorer at home, its there for a couple of seconds and this the screen just goes blank white. we use explorer at work but i don't have a problem seeing everyone's post.
ReplyDeleteI can tell I'm getting older, I just don't have the patience to learn the little techy things anymore.
well that was tough but hopefully it makes mark happy,
ReplyDeleteby the way, the pic shows a pretty cool place to watch aircraft takeoff. I highly recommend the trip if you ever get invited. Hopefully your not a fat boy like me and you'll sleep better in the bunks onboard.
How many of us think a pullback is coming? Probably all of us...makes you wonder if it's coming.
ReplyDeletekass is bullish
ReplyDeleteclnt is a basically a call option
ReplyDeleteWTF happened to our normal template? The text is smaller and the text box larger. Weird.
ReplyDeleteI like the wide text box. Before it was hard to read what you were typing.
ReplyDeleteTOF, if you look at a 2 year chart comparing IRE with BKIR.L, it was in synch till April of 2011, then way out of whack until Oct. when it go back in synch. I have to believe it is something to do with the ADR. It is now at a ratio of 40:1, so my guess would be the ratio changed at these times and the charts did not pick it up.
ReplyDeleteUPDATE: Rodman & Renshaw Raises Price Target on Golden Minerals to $14.55
ReplyDeleteRead more: http://www.benzinga.com/analyst-ratings/analyst-color/12/01/2259245/update-rodman-renshaw-raises-price-target-on-golden-mine#ixzz1jFo5XWDM
Quite here this am. Later.
ReplyDeleteCan't remember if it was Port or CC who was saying they were waiting for a trend and then would trade this defined trend.
ReplyDeleteNow we've got a nice 3 week up-trend, is this enough or do you want a longer one? Do you wait for a pullback? I buy based more on valuation and have a couple more stocks I'd like to get, but hate paying up after a move like this, so am interested in your approach here.
Thanks
A few stock ideas.
ReplyDeleteThe employment companies should do well here assuming the economy continues to improve - I own CDI - pay a good dividend and could trade up to the high $20's (it's at $14.35).
I also think the brokerage firms should rise in recognition of the acquisition for Raymond James last night and improving capital markets. The one I own is COWN which is at 55% of book value.
Finally, if you want a good Canadian company, take a look at Hartco (HCI-T,HCIZF). It is the 2nd largest IT reseller in Canada - kind of like an Ingram Micro (IM), but about half the valuation, no debt and a better ROE.
Currently stock is at $2.80.
Last 5 years earnings are $0.50, $0.21 (2009), $0.60, $0.41, $0.66
Stock was in a nice uptrend this year to $4.00 until bad earnings due to New ERP system cost overruns started.
First 9 months, 2011 EPS is $0.23. ERP costs were $1.7 million; using 27% tax rate (9 month rate), affect to EPS is $0.08. Add back ERP of $0.08 and Q4 profit of $0.29 (same as 2010 q4) – gives EPS of $0.60.
BV is around $5.31 now; balance sheet is solid with most assets being cash or receivables. Book value excluding intangible is $4.27.
So you've got a consistently profitable organization, trading at less than 5 times "standard" earnings, at half of book value, 65% of tangible book, whose stock has taken a beating due to high ERP costs.
In my experience, buy a company that has lowered earnings due to an ERP implementation almost always works out - next year, the costs fall off, productivity, margins and profits go up and the stock rises.