Robert McWhirter Intrinsyc Software Inc ITC-T DON'T BUY Nov 17, 2009

Has always promised a lot, but never delivered. Sales growth in the last quarter was quite good and they have now gone to EBITDA positive, so there are some very good fundamental changes. Doesn’t know it well enough to understand the rationale behind what is going on. Pretty hard to recommend, but it is one to watch.

Has just started watching this and added it to his growth portfolio. This does embedded modules, and is the Internet of Things (ITT-X) technology. Revenue growth in the last quarter was 63%, which is quite stunning. It looks good going forward based on recent contracts. They have new management. There is no debt and insiders own about 16%. Revenue growth is there and it really looks good going forward.

The stock price has been moving up. The earnings have been coming through. He still has to do more work on it. It is a technology company. It looks like the earnings growth is there. There is no analyst that follows it at present.

It is a big thing to a company when it gets its very first analyst coverage. The stock is cheap. They had a nice recovery and are sitting on a lot of cash. Earnings and revenue are chunky here. 2017 looks to be exciting for the company.

An interesting way to get in on the Internet of Things boom. They build micro-processors that get embedded into other devices. The niche they are filling right now are devices that are involved in the Internet of Things. A small company that is volatile and high risk, but they are signing new deals and getting new contracts. Every contract is kind of a big deal for the company. If they can continue to ride the wave of the Internet of Things and not really have to do a whole lot, that will help support the business in and of itself. He likes this.

A technology play and he doesn’t know the story well. It looks like they were putting up some very good earning numbers for several quarters in a row, however the recent quarter was not very strong. There may be some weakness in the coming quarter, but it looks like the back half of the year will be coming on strong because of some new customers.

They sold their position due to the inconsistency of their results. He is watching it again, especially now that the momentum is improving. He is not buying yet, but will keep an eye on it.