Iteris Inc

ITI-Q

NASDAQ:ITI

5.19
0.13 (2.57%)
Iteris, Inc. is an American company which was set up in 1969 and now is based in Santa Ana, California, focusing on intelligent information solutions to the traffic management market globally.
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Analysis and Opinions about ITI-Q

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
December 1, 2015

A traffic management firm, and have actually moved a bit into the agricultural space. The street loves their move into agriculture, but he is always a little leery when a company moves outside of its primary residence. They are still dealing with GPS systems. The company has money in the bank and no debt. Good management, which owns a lot of the company. He can see it doing a double from here. Look for a pullback before buying.

Iteris Inc (ITI-Q)
December 1, 2015

A traffic management firm, and have actually moved a bit into the agricultural space. The street loves their move into agriculture, but he is always a little leery when a company moves outside of its primary residence. They are still dealing with GPS systems. The company has money in the bank and no debt. Good management, which owns a lot of the company. He can see it doing a double from here. Look for a pullback before buying.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.320
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 27, 2015

(A Top Pick Nov 17/14. Up 26.63%.) Traffic flow management. There are 2 negatives. 1) Lost a little money last quarter and 2) they moved into the agricultural field. Whenever a company moves into a new field, there is a certain danger. Often they spend a lot of money. In this case it appears that they have signed some good contracts, but he is cynical to some degree. By all their metrics, the company is doing well. Insiders own about 28%. Thinks it has a lot of potential. He is looking for another $1 upside.

Iteris Inc (ITI-Q)
October 27, 2015

(A Top Pick Nov 17/14. Up 26.63%.) Traffic flow management. There are 2 negatives. 1) Lost a little money last quarter and 2) they moved into the agricultural field. Whenever a company moves into a new field, there is a certain danger. Often they spend a lot of money. In this case it appears that they have signed some good contracts, but he is cynical to some degree. By all their metrics, the company is doing well. Insiders own about 28%. Thinks it has a lot of potential. He is looking for another $1 upside.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.330
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 18, 2015

(A Top Pick Oct 8/14. Up 47.56%.) New management is in. Have expanded into the agricultural and weather spaces. Their bread-and-butter is traffic and traffic control. Signed some new deals with bigger companies. Clean, clean balance sheet. Insiders own a lot. His initial Sell target is $3.49.

Iteris Inc (ITI-Q)
September 18, 2015

(A Top Pick Oct 8/14. Up 47.56%.) New management is in. Have expanded into the agricultural and weather spaces. Their bread-and-butter is traffic and traffic control. Signed some new deals with bigger companies. Clean, clean balance sheet. Insiders own a lot. His initial Sell target is $3.49.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.420
Owned
Yes
TOP PICK
TOP PICK
July 17, 2015

This is traffic management, which is a great field to be in. They are in a number of different countries. Currently selling at about Book Value. Had some accounting difficulties that got straightened out with the SEC. They currently have an interim CEO. Insiders own about 28%. Have no debt. They are moving into the agricultural business.

Iteris Inc (ITI-Q)
July 17, 2015

This is traffic management, which is a great field to be in. They are in a number of different countries. Currently selling at about Book Value. Had some accounting difficulties that got straightened out with the SEC. They currently have an interim CEO. Insiders own about 28%. Have no debt. They are moving into the agricultural business.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.700
Owned
Yes
TOP PICK
TOP PICK
November 17, 2014

Traffic flow management. No debt. Revenues went up nicely last quarter. Accounting problems recently were rectified. He could see it doubling. A well managed company with a fine balance sheet.

Iteris Inc (ITI-Q)
November 17, 2014

Traffic flow management. No debt. Revenues went up nicely last quarter. Accounting problems recently were rectified. He could see it doubling. A well managed company with a fine balance sheet.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.840
Owned
Yes
TOP PICK
TOP PICK
October 8, 2014

Traffic management solutions. We need more traffic planning. There is more and more traffic. A negative is that the NYSE market has cited the company and has said they have to get their financial statements up-to-date, because in March they were behind in their filing. That should happen this month, which should give the company a boost. Their plan was approved in terms of becoming compliant again. Insiders own about 28%. They are profitable year after year. His initial sell target is $3.49.

Iteris Inc (ITI-Q)
October 8, 2014

Traffic management solutions. We need more traffic planning. There is more and more traffic. A negative is that the NYSE market has cited the company and has said they have to get their financial statements up-to-date, because in March they were behind in their filing. That should happen this month, which should give the company a boost. Their plan was approved in terms of becoming compliant again. Insiders own about 28%. They are profitable year after year. His initial sell target is $3.49.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.640
Owned
Yes
COMMENT
COMMENT
August 26, 2014

Doesn’t think the recent fall in price is serious. They discovered accounting irregularities, which can be very, very serious. Haven’t filed their financial statements. Changed accountants which seemed to create some difficulties. Have been given a Stay from the NYSC market, and have written a letter of compliance. They should be back up to date by the middle of October. His Initial Sell Target price is over $3. A great company. They have money in the bank and zero debt. Insiders own a whack of the company. This company is in traffic flow, and traffic flow is very much needed.

Iteris Inc (ITI-Q)
August 26, 2014

Doesn’t think the recent fall in price is serious. They discovered accounting irregularities, which can be very, very serious. Haven’t filed their financial statements. Changed accountants which seemed to create some difficulties. Have been given a Stay from the NYSC market, and have written a letter of compliance. They should be back up to date by the middle of October. His Initial Sell Target price is over $3. A great company. They have money in the bank and zero debt. Insiders own a whack of the company. This company is in traffic flow, and traffic flow is very much needed.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.749
Owned
Yes
BUY
BUY
April 1, 2014

Still likes this. Traffic management and there is a definite need for their services. In South America, US and the Middle East. Management owns a big percentage. Have about $20 million in the bank and have no debt. Revenues without 20% in the past quarter. His target price is $3.49. Trading around BV right now, so he sees a high upside on this.

Iteris Inc (ITI-Q)
April 1, 2014

Still likes this. Traffic management and there is a definite need for their services. In South America, US and the Middle East. Management owns a big percentage. Have about $20 million in the bank and have no debt. Revenues without 20% in the past quarter. His target price is $3.49. Trading around BV right now, so he sees a high upside on this.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 11, 2013

(Top Pick Nov 9/12, Up 24.55%) The backlog increased 20% last quarter. Fair bit of cash and no debt. Insider ownership of 28%, well managed company. Traffic has to be kept moving.

Iteris Inc (ITI-Q)
November 11, 2013

(Top Pick Nov 9/12, Up 24.55%) The backlog increased 20% last quarter. Fair bit of cash and no debt. Insider ownership of 28%, well managed company. Traffic has to be kept moving.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.110
Owned
Yes
BUY
BUY
January 18, 2013

Traffic management company. Owns and still likes. Feels it can double from here. Have eliminated their debt load. Have a record backlog which is something he loves to see. Management owns about 25%. A lot of upside potential.

Iteris Inc (ITI-Q)
January 18, 2013

Traffic management company. Owns and still likes. Feels it can double from here. Have eliminated their debt load. Have a record backlog which is something he loves to see. Management owns about 25%. A lot of upside potential.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.800
Owned
Yes
TOP PICK
TOP PICK
November 9, 2012

Earnings reported were good. Are dependent on government contracts but have a record backlog. In the US and global. No debt and high insider ownership with excellent book value. Even if economy does poorly, the bankers will not come calling.

Iteris Inc (ITI-Q)
November 9, 2012

Earnings reported were good. Are dependent on government contracts but have a record backlog. In the US and global. No debt and high insider ownership with excellent book value. Even if economy does poorly, the bankers will not come calling.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.630
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 17, 2012
(A Top Pick April 1/11. Down 1.39%.) Went down quite a bit because it took a $7 million loss one quarter in the form of amortization and goodwill, not cash. They are in the traffic flow space. $1 million in debt and $20 million in cash.
Iteris Inc (ITI-Q)
April 17, 2012
(A Top Pick April 1/11. Down 1.39%.) Went down quite a bit because it took a $7 million loss one quarter in the form of amortization and goodwill, not cash. They are in the traffic flow space. $1 million in debt and $20 million in cash.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.470
Owned
Yes
TOP PICK
TOP PICK
March 21, 2012
(Top Pick Apr 1/11, Up 2.08%) Insiders are buying the sock. Almost 25% f the company. Lost in 2011 and are making money again. Clean balance sheet and almost no debt.
Iteris Inc (ITI-Q)
March 21, 2012
(Top Pick Apr 1/11, Up 2.08%) Insiders are buying the sock. Almost 25% f the company. Lost in 2011 and are making money again. Clean balance sheet and almost no debt.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.490
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 16, 2012
(A Top Pick March 2/11. Down 10.56%.) Lost about $7 million in a quarter about a year ago but was non-cash for the most part. They are profitable again and again is down to $1 million. Insiders own 24% of the company. His target is $3.49. Still a Buy.
Iteris Inc (ITI-Q)
February 16, 2012
(A Top Pick March 2/11. Down 10.56%.) Lost about $7 million in a quarter about a year ago but was non-cash for the most part. They are profitable again and again is down to $1 million. Insiders own 24% of the company. His target is $3.49. Still a Buy.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.430
Owned
Yes
BUY
BUY
October 4, 2011
Insiders were recently buying at the current level. Traffic flow is a good space. Government contracts may wane a little bit now. Clean balance sheet with a little bit of debt. They generally make money but recently had a bad quarter when they took a write-off. Could see this doing a triple.
Iteris Inc (ITI-Q)
October 4, 2011
Insiders were recently buying at the current level. Traffic flow is a good space. Government contracts may wane a little bit now. Clean balance sheet with a little bit of debt. They generally make money but recently had a bad quarter when they took a write-off. Could see this doing a triple.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.130
Owned
Yes
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