Stockchase Opinions

Scott Morrison Certicom CIC-T DON'T BUY Jan 14, 2005

Has some interesting technology. Feels that wireless in the short term is a bit over-hyped. Would look at it on any pull-back.
$4.600

Stock price when the opinion was issued

electrical electronic
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TRADE
Company is not seeing profit right now, but business is improving.
BUY
This stock has done very well. It could go to $12 or $13. He would buy. He has just discovered the stock and likes how it is breaking away.
DON'T BUY
Neat area, risky name. You can find better places to go.
WATCH
Ranks in the bottom 15% of his database. Earnings estimates have been shaved by about 6% in the last 90 days. Forecasting a swing from a loss of $0.09 in April/06 to earnings of $0.02 in 07. Forecasts for 08 are earnings of $0.26. Signing up clients, but it takes nine months for revenues to come.
DON'T BUY
The frustration for this company has always been how are they going to translate a very brilliant encryption algorithm into revenues and profits. Most of the revenue has been generated through toolkits. They may have missed their window.
BUY
Still positive on this stock. Company has made a number of announcements recently about future contracts.
COMMENT
Ranks 487. Analysts shaved estimates by 20% in the last 90 days. Expected to earn $.21 for April/08 year-end giving it a high 25 P/E. They license their technology for consumer electronic devices as well as good encryption technology. Speculative.
DON'T BUY
This is a company that has been able to make cash in certain periods of time, but the consistency of execution has not been attractive to him.
HOLD
Because of security reasons, guidance coming out of the company is very limited and is frustrating to analysts. It takes time for them to put licensing into their encryption products, and that creates delays. Looking for a new CEO. Also want to go after companies using their technology and make them pay.
DON'T BUY
The problem is, this was seen as a growth stock, but had no growth. If they can't get revenue growth and earnings gains, the stock will have a hard time moving higher.