Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

PC-Tel May Have The Right Combination For The Next Leg

I'm perfectly happy recycling past investment ideas, and PCTEL (NASDAQ:PCTI) treated me quite well indeed when I owned the stock about a decade ago. Since that time, though, the company has gone through a significant transformation and is really only the same in name only. Different isn't always better, but I do believe that PCTEL now operates a collection of businesses with interesting growth and margin potential. PCTEL does not appear to be tremendously undervalued today on a cash flow basis, but with almost $3 per share in cash on the balance sheet further acquisitions could improve its growth prospects further.

A New Era With Antennas And Test

Relative to when I last actually owned the shares, a...

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