Opinions
Bruce Campbell (2)
Bewhere Holdings Inc
BEW-X
WATCH
Sep 02, 2021
Asset trackers. New iteration uses cell, not Wi-Fi. Helps cell phone companies boost revenue, as price of phone plans decreases. Before stepping in again, he's looking for a big ramp up in the trajectory of revenue and earnings.
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WATCH
He used to own it. It's challenging. They have interesting technology--asset-tracking devices. The cellular type of device could hold explosive growth through monthly subscriptions. They took a while to roll out this tech. He's watching it and hopes for strong revenues on the release then recurring revenues.
BUY
They raised some money a year ago so they could build inventories. Cell providers in the US are starting to sell that inventory. 2020 is the year they should see the orders ramp and the inventory start to sell out. You should continue to see the numbers improve. He thinks someone will take them out after that.
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BUY
Their devices allow communications on the internet of things to track where your things are. They're coming out with a very small device which is much cheaper to produce. For example, a tracking device on a pet. The cell phone companies are constantly looking for "sticky" applications like this. Outlook is pretty good.
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BUY ON WEAKNESS
They have asset tracking monitors. He has owned it in the past. It has taken longer than he expected for them to develop it. It has taken them a lot longer than expected to get to the sales cycle but now they are there. He is watching for adoption. That's when to enter back into the stock. This could be a good entry point.
HOLD
He finds it interesting, but got "stop-lossed" out of it. They have a unique low powered cellular device that can be used for tracking. This is another type of device that consumers could look to buy. It could be used to track trailers, or even jack hammers. They did an equity raise a while ago to supply inventory to some of their US business partnerships. This should lead to surge in revenues going forward.
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
The stock is now flat for the week; the white paper outlines the opportunity in low power IOT technology, but this is not really new news. Following the stock's big rally in the past year, we would consider it a HOLD. With its small size and low revenue base there is still plenty of risk here.
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