Hugh Cleland, CFA
QuStream Corporation
QVC-X
HOLD
Sep 07, 2007
Biggest problem is with investors running out of patience. Very cheap at 1X revenue. They are the leader in mobile trucks. They are about to launch a bunch of new products, which will hopefully give them some wins.
The cheapest company in its sector by far. Going to ramp their earnings quite nicely in the 2nd half of this year. Has a competitive advantage with a superior product in at least 4 different areas.
Rotors and equipment for cable companies and networks. Guidance was lower than expected. Have not been able to capitalize on their operations. Extremely cheap and great technology.
We own more than 10% of this company. Has been a disappointment, because of a very illiquid small cap market. They’re hoping to have some initiatives around the Olympics. They have a competitive advantage. We’re willing to be patient.
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