Opinions Duncan Stewart
WebTech Wireless Inc.WEW.TODON'T BUYDec 30, 2008
Market cap is a little high based on the revenues they have had to date. Have been aggressive in saying they are going to sign contracts. Need to start getting into the tens of millions of dollars in sales.
$0.91
Stock price when the opinion was issued
electricalelectronic
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STRONG BUY
Have FedEx as a possible client. They are leaders in their technology.
Alex RuusOwned
electricalelectronic
COMMENT
Signed up about 5000 long-haul trucks with a division of FedEx (FDX-N). A one-off sale with no recurring revenues. Question is, can they move beyond the long-haul to the local and other delivery services. Unfortunately, contracts take a long time to close. Still in a “show me” mode. Good technology, but there are better opportunities in the business.
electricalelectronic
BUY
Fans of this company are still waiting for the announcement of a contract with FedEx to come out. He is pleased with the company.
Hugh Cleland, CFAOwned
electricalelectronic
PAST TOP PICK
(Top pick, March 26 2007. Down 52%) Have been buying lately. Been building a beautiful base between $2-4 dollars. Believe they’re the emerging leader in global telematics.
Hugh Cleland, CFAOwned
electricalelectronic
TOP PICK
Fedex has been a big overhang on this one, it’s a catalyst. If they win Fedex it will be a dam breaker.
Hugh Cleland, CFAOwned
electricalelectronic
WATCH
Do technology basically for fleet trafficking. A GPS technology. Had a great contract with Volkswagen in Brazil but it fell apart on them. Have been clawing their way back into the marketplace. There is a big contract overhanging the stock and details are slowly coming out on it.
electricalelectronic
TOP PICK
Has been waiting a while for a couple of key developments. Over the next 3 months there will be developments. This is the emerging leader in fleet telematics.
Hugh Cleland, CFAOwned
electricalelectronic
BUY
Believes the drop last May was on some news out of Brazil. Did find a bottom and the low in January was a bit indicative of where it could go. Tested the bottom and then rose, probably on some positive news. Unless they can recover whatever they had lost on that first drop, it will not go back up to $6 anytime soon. With any positive news he could go to $4.50/5.00.
electricalelectronic
COMMENT
Basically a GPS application that did quite well last year but then had a terrible stumble in Brazil. Had done a deal with Volkswagen but it was an unmitigated disaster with all sorts of problems. Doing quite well with FedEx. Waiting to see more details on their contract. Still somewhat of a “show me”.
electricalelectronic
