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Stockchase Opinions

Robert McWhirterGrey Island Systems IntlGIS.VCOMMENTMar 11, 2009

System is basically used to see when is the next bus arriving. Significant amount of cash and a pretty visible backlog. Pretty good opportunity for the company.
$0.20

Stock price when the opinion was issued

$0.09

As of Jul 15, 2022. Market Open.

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RISKY
(Market Call Minute.) Very speculative. California contract of $15 million in Orange county was expected but hasn't been delivered yet. Hoping that they will be awarded by the end of June.
COMMENT
Had a run up from $.20 to $.40 followed by another one to $.60 with good volume, so obviously there is some good news. He sees the qualities starting to improve.
COMMENT
Very small company with a very small float. Trading at 10 X P/E at 2007. Could take a few years for anything to develop.