WebTech Wireless Inc. (TSX-V:WEW)
I am considering to o
pen a small position on WEW.V (0.5%), a very small, Vancouver-based, wireless location service provider. It has a lot of characteristics of a fast growing company: strong top- (65%+) and bottom-line growth, improving gross profit and operating profit margins, meaningful new additions of customers, penetrating new markets (Europe and South America), expanding into new markets. While speculative, it is profitable and cash flow positive. Management appears to be focused and disciplined. There are a few positive catalysts as well. It just recently gets into automobile industry, which obviously is much more scalable and has greater potential to grow. Management also indicates that there might potential large size contracts announcement in near term. The stock has weakened a bit since early this year and current level appears to provide strong support. (Order filled @1.1).
Position: Long WEW.V
pen a small position on WEW.V (0.5%), a very small, Vancouver-based, wireless location service provider. It has a lot of characteristics of a fast growing company: strong top- (65%+) and bottom-line growth, improving gross profit and operating profit margins, meaningful new additions of customers, penetrating new markets (Europe and South America), expanding into new markets. While speculative, it is profitable and cash flow positive. Management appears to be focused and disciplined. There are a few positive catalysts as well. It just recently gets into automobile industry, which obviously is much more scalable and has greater potential to grow. Management also indicates that there might potential large size contracts announcement in near term. The stock has weakened a bit since early this year and current level appears to provide strong support. (Order filled @1.1).Position: Long WEW.V
posted by ZIGZAG at 9/08/2006 09:18:00 AM
0 Comments:
Post a Comment
<< Home