Thursday, September 06, 2007
Position Update: IIG
Now that the earnings are out of the way, the "real fun" can begin.
Basically, this company is like a traveling carnival, holding seminar's in different cities, peddling their web development software. The bears point out that the company is currently prohibited, due to an injunction, from doing business in California, so revenue's should come down and profits diminish.
However, what they do not realize is IIG can pick up and do their seminar's in Nevada, Arizona or Washington and make up the difference. Remember, they are hosting seminar's. As long as they have great salesmen, it doesn't matter where they do business, providing they know how to close.
As for the stock:
The company announced they are prepared to buyback 70 million dollars worth of stock. That's 30% of the company.
Considering the immense scrutiny the company faces being public, coupled with their rich balance sheet, what's to stop them from just going private?
In my opinion, IIG is a cash cow, with very little competition, mainly because no one has the balls to do it. Without a doubt, the shorts will get routed on this name.
It may not happen today or next month; but it will happen.
As you know, I have been buying the stock, ahead of numbers. Now that the numbers are behind it, I will patiently wait and accumulate shares, as the few momentum traders blow out.
Under $18 is a steal, in my opinion.
Basically, this company is like a traveling carnival, holding seminar's in different cities, peddling their web development software. The bears point out that the company is currently prohibited, due to an injunction, from doing business in California, so revenue's should come down and profits diminish.
However, what they do not realize is IIG can pick up and do their seminar's in Nevada, Arizona or Washington and make up the difference. Remember, they are hosting seminar's. As long as they have great salesmen, it doesn't matter where they do business, providing they know how to close.
As for the stock:
The company announced they are prepared to buyback 70 million dollars worth of stock. That's 30% of the company.
Considering the immense scrutiny the company faces being public, coupled with their rich balance sheet, what's to stop them from just going private?
In my opinion, IIG is a cash cow, with very little competition, mainly because no one has the balls to do it. Without a doubt, the shorts will get routed on this name.
It may not happen today or next month; but it will happen.
As you know, I have been buying the stock, ahead of numbers. Now that the numbers are behind it, I will patiently wait and accumulate shares, as the few momentum traders blow out.
Under $18 is a steal, in my opinion.
Comments:
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Gold and Gold stocks discounting Fed cut, Middle East shooting war, booming economy with a lower dollar, or Depression Part II? Even crappy South Africn stocks on the move.
Fly,
got any updates on mvis? Come on man shake some people down. Send your contractor to get some info.
got any updates on mvis? Come on man shake some people down. Send your contractor to get some info.
iiG = Get Rich Quick- NTRI= Get Thin Quick.
There seems to be no shortage of these mouth breathing NASCAR fuckers waiting to get their piece of the pie. Wouldn't WMT be the better play. At any rate get your squeegee out.
There seems to be no shortage of these mouth breathing NASCAR fuckers waiting to get their piece of the pie. Wouldn't WMT be the better play. At any rate get your squeegee out.
FLY:
Your iiG, as well as MVIS and other ones of your pet stocks, are losers. Even UNG, which I agree with you, is a loser today.
Why do you still refuse to have a look at SWC? It clearly has bottomed at $8, and is now at $9.40 and going higher, much higher. If you want to make money you would look at the stock objectively and you should realize there is huge potential in SWC, way much better than your pet MVIS.
Throw away your losers, precious metals and natural gas are the only guaranteed big winners, everything else are weak.
Your iiG, as well as MVIS and other ones of your pet stocks, are losers. Even UNG, which I agree with you, is a loser today.
Why do you still refuse to have a look at SWC? It clearly has bottomed at $8, and is now at $9.40 and going higher, much higher. If you want to make money you would look at the stock objectively and you should realize there is huge potential in SWC, way much better than your pet MVIS.
Throw away your losers, precious metals and natural gas are the only guaranteed big winners, everything else are weak.
jj2000426/SWC - If Fly wanted to throw away his losers, you'd be the first to go, palladium goat fucker.
You know what's your proble, FLY? You trade purely based on speculation. This iiG is just a software developer. Any one hiring a bunch of programmer can develop software and compete with each other. It may become a Microsoft, which is harder than winning a lottery, or may go no where, which is way more likely.
SWC is up more than 5% today and up almost 20% from its low of low $8 just a few days ago. It's a clear case of bottoming and then rally strongly up. I do not think you can keep your eyes shut forever. You are in this business to make money. So you must be willing to receive information which helps you to make money, and be willing to do DD on your own.
I am determined to force you to spend some of your time to learn about the basic science of palladium, learn about the potential applications, the supply/demand figure, and all that.
I just want you to spend time study the materials, and I believe you will be convinced. Because you do NOT look like a dumb person to me. I feel you can be convinced so that's why I keep pitching the metal to you. If I am convinced that you are hopeless then I will not waste my time further.
Have you also looked at JRCC?
I am holding my UNG.
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SWC is up more than 5% today and up almost 20% from its low of low $8 just a few days ago. It's a clear case of bottoming and then rally strongly up. I do not think you can keep your eyes shut forever. You are in this business to make money. So you must be willing to receive information which helps you to make money, and be willing to do DD on your own.
I am determined to force you to spend some of your time to learn about the basic science of palladium, learn about the potential applications, the supply/demand figure, and all that.
I just want you to spend time study the materials, and I believe you will be convinced. Because you do NOT look like a dumb person to me. I feel you can be convinced so that's why I keep pitching the metal to you. If I am convinced that you are hopeless then I will not waste my time further.
Have you also looked at JRCC?
I am holding my UNG.
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