Opinions
Robert McWhirter
Siyata Mobile Inc
SIM-X
COMMENT
Oct 06, 2017
$0.660
Stock price when the opinion was issued
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TOP PICK
A two-way radio on the cellular network. The product has been signed with Bell Mobility. He thinks they are close to signing something in the US with a major carrier. A higher risk, higher reward investment that has nothing to do with today's market uncertainty. Yield 0%. (Analysts’ price target is $0.85)
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COMMENT
The company uses push to talk in transportation vehicles over cell networks. Previously this required a whole bunch of equipment to achieve. They are now working to add 5G to their product offering. They have a very good product and are now getting all the certifications from carriers.
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HOLD
He has a half position in this. He likes it and it is back to his entry level around $0.50. They have a good growth profile. They needed to tighten their balance sheet and they were successful in securing some further financing in a brokered deal -- they will need some working capital. He will continue to hold.
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COMMENT
A previous Past Pick for him. Their push to talk technology is geared to replace two-way radio technology within fleets, but with all the perks of a cell phone. It has been stagnant as it was slow to get things going. He thinks it will do well going forward as long as they execute on their goals for this year.
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BUY
WAIT
It's very frustrating and a former pick of his. They make a device accepted by AT&T and Bell, which is impressive. But this hasn't excited investors. Wait. When SIM gets a purchase order, this stock will move. Revenues will be made.
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This has “push to talk” radios. Motorola has a huge installed base of “push to talk”, and the industry is moving away from the 2G network. A lot of carriers are forcing people off the 2G network, because they want to use the frequency for more profitable things, and are moving towards 3G and 4G networks. This company has a solution. In addition, they have new software and other applications that will give them an opportunity for recurring revenue. It has done extremely well, and there is a pretty good runway over the next 2-3 years as they do the conversion for the existing Motorola system.