Mitec Telecom

MTM.H-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about MTM.H-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 4, 2012
This one is pretty dead. Company is slowly being dismembered. Selling off divisions.
This one is pretty dead. Company is slowly being dismembered. Selling off divisions.
Ben Stadelmann
Vice President, Contra the Heard
Price
$0.010
Owned
No
SELL
SELL
August 25, 2011
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.
Mitec Telecom (MTM.H-T)
August 25, 2011
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.030
Owned
No
BUY
BUY
June 27, 2011
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.
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.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.030
Owned
Yes
BUY
BUY
May 26, 2011
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.
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.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.040
Owned
Unknown
DON'T BUY
DON'T BUY
April 25, 2011
Lost a lot of money on this one. The chair has moved into the president’s seat. Has over promised and under delivered.
Mitec Telecom (MTM.H-T)
April 25, 2011
Lost a lot of money on this one. The chair has moved into the president’s seat. Has over promised and under delivered.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.040
Owned
No
DON'T BUY
DON'T BUY
November 11, 2010
Seemed like it was turning and heard certain things were going to happen but losses kept on mounting.
Mitec Telecom (MTM.H-T)
November 11, 2010
Seemed like it was turning and heard certain things were going to happen but losses kept on mounting.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.025
Owned
No
WAIT
WAIT
April 5, 2010
(Market Call Minute) Wait for some good news, which they say is coming.
(Market Call Minute) Wait for some good news, which they say is coming.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.045
Owned
Yes
WAIT
WAIT
October 22, 2009
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.
Mitec Telecom (MTM.H-T)
October 22, 2009
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.055
Owned
Yes
COMMENT
COMMENT
August 7, 2009
$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.
Mitec Telecom (MTM.H-T)
August 7, 2009
$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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.075
Owned
Yes
VAGUE
VAGUE
April 29, 2009
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.
Mitec Telecom (MTM.H-T)
April 29, 2009
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.
Robert McWhirter
President, Selective Asset Management
Price
$0.070
Owned
Unknown
WEAK BUY
WEAK BUY
March 12, 2009
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.
Mitec Telecom (MTM.H-T)
March 12, 2009
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.070
Owned
Yes
BUY
BUY
January 12, 2009
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.
Mitec Telecom (MTM.H-T)
January 12, 2009
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.100
Owned
Yes
HOLD
HOLD
October 9, 2008
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.
Mitec Telecom (MTM.H-T)
October 9, 2008
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.
Ben Stadelmann
Vice President, Contra the Heard
Price
$0.070
Owned
Unknown
BUY
BUY
September 15, 2008
(Market Call Minute.) Could see buying it at this level.
Mitec Telecom (MTM.H-T)
September 15, 2008
(Market Call Minute.) Could see buying it at this level.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.085
Owned
Yes
DON'T BUY
DON'T BUY
January 4, 2008
Stock has gone to sleep. Can't make money on stocks like this.
Mitec Telecom (MTM.H-T)
January 4, 2008
Stock has gone to sleep. Can't make money on stocks like this.
Kenneth P. Norquay, CMT
Partner, Castlemoore Inc.
Price
$0.115
Owned
No
COMMENT
COMMENT
December 24, 2007
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.
Mitec Telecom (MTM.H-T)
December 24, 2007
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.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.100
Owned
Yes
SPECULATIVE BUY
SPECULATIVE BUY
June 1, 2007
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.
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.
Kenneth P. Norquay, CMT
Partner, Castlemoore Inc.
Price
$0.210
Owned
Unknown
DON'T BUY
DON'T BUY
August 11, 2006
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.
Mitec Telecom (MTM.H-T)
August 11, 2006
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.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$0.180
Owned
No
DON'T BUY
DON'T BUY
June 21, 2006
Continues to face substantial challenges. Ranks in the bottom of his model. Too much capacity with the makers of electronic gear.
Continues to face substantial challenges. Ranks in the bottom of his model. Too much capacity with the makers of electronic gear.
Robert McWhirter
President, Selective Asset Management
Price
$0.255
Owned
No
DON'T BUY
DON'T BUY
March 13, 2006

They are in the 10 to 15% bottom of their database. There are better opportunities elsewhere.

Mitec Telecom (MTM.H-T)
March 13, 2006

They are in the 10 to 15% bottom of their database. There are better opportunities elsewhere.

Robert McWhirter
President, Selective Asset Management
Price
$0.370
Owned
Unknown
DON'T BUY
DON'T BUY
January 12, 2006
The company continues to struggle. They have had ongoing changes in management. Estimates have been chopped by 30%.
Mitec Telecom (MTM.H-T)
January 12, 2006
The company continues to struggle. They have had ongoing changes in management. Estimates have been chopped by 30%.
Robert McWhirter
President, Selective Asset Management
Price
$0.330
Owned
No
DON'T BUY
DON'T BUY
July 21, 2005
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.
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.
Robert McWhirter
President, Selective Asset Management
Price
$0.490
Owned
No
BUY
BUY
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$0.650
Owned
Unknown
DON'T BUY
DON'T BUY
May 9, 2005
Have lost money every year since 2000. They keep disappointing.
Have lost money every year since 2000. They keep disappointing.
Jean-Francois Tardif
Senior Portfolio Manager, Sprott Asset Management
Price
$0.770
Owned
No
DON'T BUY
DON'T BUY
December 9, 2004
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.
Mitec Telecom (MTM.H-T)
December 9, 2004
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.
Robert McWhirter
President, Selective Asset Management
Price
$1.260
Owned
No
DON'T BUY
DON'T BUY
November 12, 2004
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.
Mitec Telecom (MTM.H-T)
November 12, 2004
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.
Duncan Stewart
Director of Research & Analysis, DSAM Consulting
Price
$1.140
Owned
No
DON'T BUY
DON'T BUY
November 9, 2004
Starting to watch it again. Have a lot of problems.
Mitec Telecom (MTM.H-T)
November 9, 2004
Starting to watch it again. Have a lot of problems.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.250
Owned
No
BUY
BUY
October 19, 2004
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.
Mitec Telecom (MTM.H-T)
October 19, 2004
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.
Robert Floyd
President, R A Floyd Management
Price
$1.310
Owned
Unknown
BUY
BUY
October 6, 2004
Had a disappointing quarter last quarter. Feels they are back on track. Getting some new contracts. Relatively cheap.
Mitec Telecom (MTM.H-T)
October 6, 2004
Had a disappointing quarter last quarter. Feels they are back on track. Getting some new contracts. Relatively cheap.
Robert Floyd
President, R A Floyd Management
Price
$1.260
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 20, 2004
(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.
Mitec Telecom (MTM.H-T)
August 20, 2004
(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.
Robert McWhirter
President, Selective Asset Management
Price
$1.500
Owned
No
PAST TOP PICK
PAST TOP PICK
August 3, 2004
(Past top pick June 1/04. Down 16%.) The outlook for the company is really an improving one. Hasn't hit the profit point yet and may be a quarter or so away. A good time to buy.
Mitec Telecom (MTM.H-T)
August 3, 2004
(Past top pick June 1/04. Down 16%.) The outlook for the company is really an improving one. Hasn't hit the profit point yet and may be a quarter or so away. A good time to buy.
Robert Floyd
President, R A Floyd Management
Price
$1.690
Owned
Yes
DON'T BUY
DON'T BUY
July 22, 2004
Really a derivitive of Nortel. Would prefer Nortel, Errikson or Quacom.
Really a derivitive of Nortel. Would prefer Nortel, Errikson or Quacom.
Danny Tomka
Portfolio Manager, MFC Global Investment Management
Price
$1.680
Owned
No
DON'T BUY
DON'T BUY
July 14, 2004
Will be difficult in the short term. Expects a bit of a slowdown in this area.
Will be difficult in the short term. Expects a bit of a slowdown in this area.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$2.200
Owned
Yes
HOLD
HOLD
June 22, 2004
Biggest customer is Nortel so what affects Nortel affects them. They have to be patient.
Biggest customer is Nortel so what affects Nortel affects them. They have to be patient.
Steve Gold
Research Analyst, Leeward Hedge Funds
Price
$2.360
Owned
No
DON'T BUY
DON'T BUY
June 2, 2004
Dramatically tied to Nortel's performance which is why their shares pulled back substantially. In the bottom 1/3 of their database. Earnings estimates have been pulled back.
Dramatically tied to Nortel's performance which is why their shares pulled back substantially. In the bottom 1/3 of their database. Earnings estimates have been pulled back.
Robert McWhirter
President, Selective Asset Management
Price
$2.280
Owned
No
VAGUE
VAGUE
David Baskin
President, Baskin Wealth Management
Price
$2.280
Owned
No
TOP PICK
TOP PICK
June 1, 2004
Did a stock issue and firmed up the balance sheet. Getting new orders. Should continue along at a fairly nice pace. Will move dramatically once profits start appearing.
Did a stock issue and firmed up the balance sheet. Getting new orders. Should continue along at a fairly nice pace. Will move dramatically once profits start appearing.
Robert Floyd
President, R A Floyd Management
Price
$2.070
Owned
Yes
DON'T BUY
DON'T BUY
May 17, 2004
Earnings didn't kick in as fast as he expected. Some contract announcements weren't as good as expected. It's fortunes will be tied to Nortel.
Earnings didn't kick in as fast as he expected. Some contract announcements weren't as good as expected. It's fortunes will be tied to Nortel.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$1.850
Owned
No
DON'T BUY
DON'T BUY
April 8, 2004
Would like to see them put together a couple more quarters. Have got a couple of contracts. Accounting is not as clean as you would like.
Would like to see them put together a couple more quarters. Have got a couple of contracts. Accounting is not as clean as you would like.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.070
Owned
Yes
WEAK BUY
WEAK BUY
April 7, 2004
Good and solid. Not sure the growth will be very dynamic.
Good and solid. Not sure the growth will be very dynamic.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$2.120
Owned
No
BUY
BUY
March 25, 2004
Market found the earnings in the quarterly report were disappointing. Have done a dramatic job in fixing up their balance sheet. Feels the orders with Nortel and Ericsson will continue to be strong.
Mitec Telecom (MTM.H-T)
March 25, 2004
Market found the earnings in the quarterly report were disappointing. Have done a dramatic job in fixing up their balance sheet. Feels the orders with Nortel and Ericsson will continue to be strong.
Robert Floyd
President, R A Floyd Management
Price
$2.090
Owned
Yes
WAIT
WAIT
March 24, 2004
Pleased with the new management. Fair market value would be $2.50/3 but they still have to show that they can deliver on their revenue numbers.
Mitec Telecom (MTM.H-T)
March 24, 2004
Pleased with the new management. Fair market value would be $2.50/3 but they still have to show that they can deliver on their revenue numbers.
Ed Ho
Portfolio Manager, Dynamic Mutual Funds
Price
$2.000
Owned
Yes
DON'T BUY
DON'T BUY
March 23, 2004
Have cleaned up their balance sheet. Not a big fan of the stock in the short term because of the way the market is treating tech stocks.
Mitec Telecom (MTM.H-T)
March 23, 2004
Have cleaned up their balance sheet. Not a big fan of the stock in the short term because of the way the market is treating tech stocks.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.000
Owned
Yes
DON'T BUY
DON'T BUY
March 2, 2004
Not the cleanest accounting. Has had a huge run.
Not the cleanest accounting. Has had a huge run.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.710
Owned
Yes
BUY
BUY
February 27, 2004
Ranks borderline of the top ¼ of the database. 2005 earnings are expected to be about $.15. Basically, a play on wireless. Expects the second half the year for wireless will be quite powerful. Good risk/reward.`
Mitec Telecom (MTM.H-T)
February 27, 2004
Ranks borderline of the top ¼ of the database. 2005 earnings are expected to be about $.15. Basically, a play on wireless. Expects the second half the year for wireless will be quite powerful. Good risk/reward.`
Robert McWhirter
President, Selective Asset Management
Price
$2.700
Owned
Yes
HOLD
HOLD
February 25, 2004
Feels it has dropped in sympathy along with the technology sector. Derives much of its earnings from Nortel.
Mitec Telecom (MTM.H-T)
February 25, 2004
Feels it has dropped in sympathy along with the technology sector. Derives much of its earnings from Nortel.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$2.500
Owned
Yes
BUY
BUY
February 20, 2004
They are proxy for Nortel. 40% of their business comes from Nortel. Wireless is getting hotter. Restructured. New management team. Debt-free.
Mitec Telecom (MTM.H-T)
February 20, 2004
They are proxy for Nortel. 40% of their business comes from Nortel. Wireless is getting hotter. Restructured. New management team. Debt-free.
Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$2.910
Owned
Yes
BUY
BUY
February 12, 2004
45% of their sales goes to Nortel and 20% to Ericsson, both on the wireless side. Recently got a new contract. Expects the big traction towards the end of the year.
Mitec Telecom (MTM.H-T)
February 12, 2004