Bruce Campbell (2) GuestLogix GXI-T PAST TOP PICK Oct 26, 2016

Have a new CEO. The previous one was long on promise and short on delivery for a very long time. This basically provides point-of-sale opportunities on airplanes, railroads, etc. Earnings estimate for 2015 is $.03 growing to $.08, more than a doubling of earnings if they can deliver, which has been a big historical IF. Against a $.77 stock price, it gives you about 9X. Assuming they can actually deliver, and odds appear to be better for that, this is tilting more towards the Buy.

(A Top Pick Aug 27/14. Down 32.5%.) A story that he continues to believe in. Continuing to grow their business and have had 9 consecutive quarters of increased revenues. They are profitable and have a strong cash flow. He just thinks the market was expecting more.

Basically a payment processing technology, so any time you use your credit card on an airline, the majority of those terminals are this company’s. This is a case of overpromising and underdelivering. The CEO just recently resigned. After he resigned, the stock dropped about 50%. The new CEO came in and cut about $6-6.5 million of costs. This takes their EBITDA from the $6.5 million range to somewhere around $12 million on about $65 million worth of revenue. Very profitable at this point in time. Expects there will also be some revenue ramp up. Incredibly cheap.

(Market Call Minute) It depends on the risk. The pieces are between 70 and 90 cents but they have a lot they have to do in the mean time.

This company just screwed up beyond all comprehension. They are now looking at alternatives. The Open Jaw acquisition is not even close to going as well as it was supposed to. He has no confidence in this company anymore. There will be lots of tax loss selling on this.

Owned this a few years ago when it had some revenue momentum and were getting lots of contracts. Sold it when it seemed like the contracts they were signing weren’t delivering the type of profitability that management had expected. The company is up for sale, but there is debt and an investigation into their financing. He would stay away.

Every time he hears of a company that has something they are going to put in planes, it never seems to work. This company over promised and under delivered. Doesn’t know if it is going to get bought or not, but you have to ask yourself after all these years, are they going to make it. Be extremely cautious on this name.

(A Top Pick April 8/15. Down 88.27%.) This company makes all the payment data for the airlines. They have a great business, but it looks like the CEO, who has since left the company, has been fraudulent in what he had done and was saying.

They filed for bankruptcy. There was some funny stuff going on and it went down very, very fast. Today they closed a deal to sell OpenJaw for $37 million. Their debt situation when they went bankrupt was $25 million. There is a little bit of cushion, but he wouldn’t count on anything coming back if you own. It is probably 6 months of finagling to see if there is anything left.