Peter Hodson
Wireless Matrix
WRX-T
HOLD
Jan 23, 2004
Change of management and is starting to look at it again. We'll probably have a hard time breaking out of its range until they get some new contracts. OK technology.
There has been some negative perception around the stock regarding the issue that they recently raised. The fundamental outlook for this company is tremendous. A big provider to Sears of their wireless to their service people.
In the bottom 10% of the database. Earnings estimates have dropped by 7-½%. Earnings momentum is positive. The challenge is for the April/04 year-end, where earnings are supposed to go from -.13¢ to breakeven. Competition is growing strongly.