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Harris L. Berenholz, CFA
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I like analyzing stocks, especially small caps and micro caps. My firm, Carpe Diem Advisors, LLC provides investment ideas, research and analytical services. Before establishing my firm I was (for 18 years) a Managing Director of Invemed Associates LLC, a New York Stock Exchange member firm,... More
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  • Assets Under Management continue to grow at The Wisdom Tree ($WETF)

    As I've opined in the past, I think that  one of the purest (and best) investment plays in the growth industry of ETF sponsors and management is Wisdom Tree Investments (NASDAQ:WETF). This company was among five of the top ETFs to again increase its AUM (Assets Under Management)  in the month of July, as is evident from the following data (compiled by National Stock Exchange)--and appears ready to move into the number seven slot.

     

     

     

     

     

     

     

     

    Assets ($Mil)

    By Issuer

    Jul-09

    Jul-10

    Jun-11

    Jul-11

    Products

    Blackrock

    $317,283

    $389,084

    $474,240

    $472,885

    213

    SSgA1

    $159,283

    $199,101

    $259,331

    $266,139

    101

    Vanguard

    $66,411

    $112,925

    $174,750

    $173,888

    64

    Invesco/PowerShares

    $28,899

    $34,638

    $44,142

    $46,187

    114

    ProShares

    $26,193

    $25,074

    $27,152

    $26,314

    122

    Van Eck

    $8,268

    $14,247

    $22,904

    $24,221

    35

    Deutsche Bank2

    $7,784

    $9,804

    $13,265

    $13,732

    21

    Wisdom Tree

    $4,524

    $6,750

    $12,934

    $13,322

    47

     

     

    2011 Highlights To Date:

     

    ·       Already surpassed the $3.3 billion of asset inflows it experienced in full year 2010

     

    ·       Launch of the two of the industry’s most successful ETFs in the first half of this year, according to InvestmentNews

     

    ·       Listing of the stock on the NASDAQ Global Market

     

    ·       A strong balance sheet with $24.6 million in cash and equivalents and no long- term debt

     

    ·       Profitable operations even on a GAAP reporting basis

     

     

     

     Harris L. Berenholz,CFA

     

    Disclosure: I own WETF shares


     

    Aug 02 8:11 PM | Link | Comment!
  • The order flow at International Fuel ($IFUE) is accelerating.

    The distribution agreements that International Fuel (NYSE:IFT) inked over the last few weeks to facilitate the commercialization of its breakthrough technology diesel fuel additives is already bearing fruit.

    Late in July, Romanian rail operator Regiotrans SRL signed a memorandum of understanding with IFT to begin a formal field validation process to confirm the fuel economy benefits of DiesoLiFTTM 10. A division of IFT distribution partner Nordmann Rassmann will help manage and oversee the field validation process.

    Of even greater importance is the announcement that Brazilian bio-diesel manufacturer Bio Capital, made its first purchase of IFT’s PerfoLiFTTM BD-7 through IFT distribution partner Next Group Brazil. This is one of the company’s fuel additive formulations that provide superior oxidation stability and deposit formation control especially to bio-diesel made from animal fat.

    In our past comments on the company we’ve noted that patent protection, time and experience give IFT a competitive edge. In the UK rail industry, for example, it’s taken six years of research, laboratory testing and 8 million miles of field testing before entering the market.
     
    Introducing a disruptive technology in any industry has its roadblocks, including skepticism and resistance to change. But the company has persevered and the order flow is building momentum in a number of different industries and geographic markets. I expect to see more announcements in the weeks and months ahead.

     

    Harris L. Berenholz, CFA

    Disclosure: I own IFUE shares

     

    Aug 02 5:43 PM | Link | Comment!
  • AltiGen Communications($ATGN-$0.77) may be a diamond in the rough in the communications industry

    AltiGen Communications, now a provider of 100 percent Microsoft-based VoIP business phone systems and Unified Communications solutions has…

          ·        Only $16 million in revenues last fiscal year

    ·        An even smaller market cap($14 million)

    ·        $6.2 million in cash ($0.38/sh

    ·        No long term debt

    ·        Only 26% institutional ownership

    ·        No Wall Street coverage

    ·        Potentially explosive growth ahead

     

    The  communications industry is  shifting from proprietary, hardware-centric systems to open, software-based solutions. AltiGen ‘s management saw this trend coming a few years ago and gradually converted from its traditional equipment legacy IP PBX to an all-software solution capable of interoperating with other business communications. In addition, at the  Macworld 2011 in January, the company introduced (to rave reviews) the iFusion SmartStation, a revolutionary new docking station for the iPhone. This docking station will facilitate (and accelerate) smart phones’ replacement of desktop phones in that the smart phone can now function as the single converged communications device, will save companies money, and will provide users greater flexibility in where and how they work. Given that there are some 350 million iPhones in the world, the potential market for the product appears to be enormous.

        

    AltiGen  is partnered with Microsoft
    MaxCommunications Server (MaxCS), is a complete, software-based solution  that seamlessly  integrates with Microsoft infrastructure technologies. Software and direct sales to large customers (5,000 users) are replacing product sales to VARs and small customers (400 users). AltiGen now is in a much better business and competitive position.

     

    Mobile convergence is here

    With nearly every corporate executive and mobile employee now using smart phones, integrating these devices into the corporate communications infrastructure is more important than ever. With the iFusion SmartStation, the user has easy access to a dock connector port for syncing or charging, and an audio line out port for connecting to powered speakers via an optional audio cable, eliminating the need for a separate dock. Users also are able to listen to iPhone music over the internal speakerphone. 

     

    Announced  distributor and Partner agreements set the stage for significant sales  growth. Following is a list of recent announcements:

     

    ·        Addition of The Via Group, a premier Microsoft solution provider, to its partner network

    ·        General availability of the iFusion SmartStation

    ·        Availability of iFusion SmartStation through SYNNEX Corporation for the North American market

    ·        Expansion into Russia, a significant new business opportunity, with the addition of TI Systems to its global partner network

    ·        Expansion of  its presence in the UK with the addition of Digital IP to its global partner network.This company specializes in the convergence and integration of Telecommunications, IT and Mobile technologies

    ·        Copaco, a leading distributor of IT products, signed a definitive agreement to distribute the iFusion™ SmartStations in the Benelux and France  

    ·        Appointed Channel Dynamics as its first distributor of the iFusion SmartStations in the UK. The company is UK's premier distributor of technology products for the  PC and Macintosh platforms to both consumer electronics retailers and B2B resellers

    ·        iFusion™ SmartStations availability  this month in the Netherlands through KPN , the leading telecommunications and ICT service provider in that country  

    ·        Business partnership with Outsourcery, the UK's leading Cloud Service Provider.

     Disclosure: I own ATGN shares

    Jul 08 6:04 PM | Link | Comment!
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