Joseph Harry
Value, growth at reasonable price, long only, contrarian

Numerex: An Internet Of Things Play

A common theme that pops up around many of the tech companies I either own or follow involves the Internet of Things. The IoT will basically connect physical objects, devices, and sensors and allow them to do things such as communicate and share data.

Cisco (NASDAQ:CSCO) CEO John Chambers recently claimed at CES 2014 in Las Vegas that the Internet of Things would be a $19 trillion market over the next several years. The Washington Post also cited studies predicting the economic impact of the IoT. Gartner estimates $1.9 trillion by 2020 and a report by McKinsey predicts an economic impact of between $14 trillion and $33 trillion a year by 2025.

Money to be made in M2M?...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details