Iteris Inc (ITI-Q)

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.

(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.

(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.

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.

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.

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.

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.

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.

(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.

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.

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.