Opinions
Ryan Irvine
VendTek Systems Inc.
VSI.H-X
HOLD
Jan 16, 2008
Sell preloaded cards for cell phones, etc. just signed a significant agreement with Payment Alliance in the US. Distribute their software services in China. Revenues over the first 9 months 2007 were up about 50% to $60 million. 7 consecutive quarters of profitability. Likes where it has positioned itself for 1 to 2 years out.
$0.920
Stock price when the opinion was issued
computer software
processing
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Have software and systems that enable prepaid goods and services to be sold over networks. Perfect small cap for this environment because it is so cheap and growing so rapidly. Should do $120 million to $150 million revenue this year on a $38 billion market cap. Expanding into the US.
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HOLD
A speculative, very illiquid situation. If you are willing to hold your position, you will probably make money. Have 2 businesses, one in Canada. There is a good opportunity in the next year that the businesses are going to be separated and sold off, and you end up with something in the $0.20 range maybe.
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