Mitec Telecom

MTM.H-T

This one is pretty dead. Company is slowly being dismembered. Selling off divisions.

He got killed on it. They just did a deal with another company. They just don’t seem to fulfill their promises at all. They are facing so many headwinds that he is not interested in it at all.

Have potentially been breaking up the company in the last 6 months for repositioning into new markets. At the end of the day, the figures they will have a purse of $10 million in cash and a small wireless business that will be somewhat profitable going forward. Interesting speculation.

Selling off divisions that have had a lot of intellectual property but not a lot of sales. Now has $7 million in cash and expects they will sell off another division for a million or two in cash. Feels they are going to go into companies that are more focused on sales and marketing. Interesting speculation at this price.

Lost a lot of money on this one. The chair has moved into the president’s seat. Has over promised and under delivered.

Seemed like it was turning and heard certain things were going to happen but losses kept on mounting.

(Market Call Minute) Wait for some good news, which they say is coming.

Board proposing 60:1 share consolidation. They want it on the agenda by wont necessarily do it. He would say good-bye to his position if it is any more than 10:1. He found 60% of companies that do this consolidation are lower a year later.

$2.5 million convertible debenture coming due. Losing money and has lost money for a long time. Doesn't have a lot of money and have to make sure they can cover this. New management made a lot of changes. Revenues are up. Looking to China with a Mandarin website. Doing a trial for a Canadian telecom. Moved from 132 million shares to 220 million shares. He bought more shares at $.07. Very risky but if they manage to pull through it could triple or quadruple.

Earnings are forecast to go from 2-cent loss to 4-cent loss. But if success of their pilot continues, it may go up. There could be great opportunities for them around the world.

Still likes the stock. He does not want to see them do a share consolidation, and it sounds like they are leaning away from that. Would prefer if they bought shares back. A fair amount of risk.

New management and they seem to be in a real turnaround mode but there are a lot of shares outstanding. Revenues are going up and they are making a little money.

It’s had the stuffing knocked out of it. At this point I would hold it – it’s either going to go bankrupt or go up a lot.

(Market Call Minute.) Could see buying it at this level.

Stock has gone to sleep. Can't make money on stocks like this.

He personally owns it and has been very wrong on this firm. Brought in new management, which makes sense in terms of a turnaround. Have a fair amount of heavy slogging to do but seemed to be doing better quarter after quarter. Has a lot of potential, but any stock trading at this price has a lot of danger.

It's a tough one, because it's going in steps. A sharp move up and then consolidate. If you see a lot of volume, when it's gradually climbing, buy in, and get out fast.

Not a very pleasant chart. The MACD is turning up, so he thinks it wants to rally. He would never buy a small cap in this kind of market.

Continues to face substantial challenges. Ranks in the bottom of his model. Too much capacity with the makers of electronic gear.

The company continues to struggle. They have had ongoing changes in management. Estimates have been chopped by 30%.

News has become worse and the stock is down about 10% today. At the bottom of his database. CEO has left and the CFO has temporarily taken his place. Earnings estimates declined by 60% in the last 90 days. Had a 15% negative earnings surprise. Expect to lose $0.06 at the year end of Apr/06.

Have lost money every year since 2000. They keep disappointing.

A levered play on the wireless side of life because Nortel and Ericsson are very substantial customers. Reducing their costs on production on many of their items. Ranks 691 in the database model which is the bottom 10%. Year over year sales are down 54% and earnings are even worse.

Their success is partly hinged on Nortel's wireless side. Not sure either one will get their act together. A low level product producer. Not a fan of management.

Starting to watch it again. Have a lot of problems.

Had a poor quarter. Their order flow dropped, but since then there has been a fairly large order announced and as we get closer to year end, there should be further announcements with an improvement in earnings.

Had a disappointing quarter last quarter. Feels they are back on track. Getting some new contracts. Relatively cheap.

(Past top pick Jan 15/04. Down 40%.) Dropped partly because it was levered to the success of Nortel and wireless. Ranks midpoint on the database. Working on interesting technology. Branching into the military side. A " show me" stock.