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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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  • 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!
  • Business in Brazil will boom for International Fuel ($IFUE)
    Last Friday, Brazil-based Petrobras (NYSE:PBR, StockTwits: $PBR) announced that it has taken a 50 percent stake in local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for  about  $128.4 million. The acquisition is part of Petrobras’ initiative to more than double its biofuel output over the next few years

    As reported earlier, International Fuel entered the huge Brazilian market via its purchase order from Petrobras, the world's  third largest energy company, to supply PerfoLiFT BD-4 to Petrobras for use in its three wholly-owned bio-diesel manufacturing plants in Brazil.PerfoLiFT BD-4 is part of the PerfoLiFT BD-Series of proprietary IFT fuel additive formulations which provide superior oxidation stability and deposit formation control in bio-diesel fuel blends. Both IFT and its distribution partner in Brazil, Next Group Brazil, are on Petrobras’ Registered Vendor list.

    Petrobras is a $139 billion (in revenues) company that has become one of the world's leaders in "green" fuel technology. Affiliation with Petrobras could mean substantial  revenues for  International Fuel. It also provides the company with  the credibility  necessary to call on other major, prospective customers both in Brazil and elsewhere around the world.

    Its been a long, arduous task for International Fuel on the road to commercialize its revolutionary, breakthrough  destructive technology--fuel additive formulations that not only improve fuel economy but also reduce pollution and engine maintenance costs and are easy to use (splashing).But the company has persisted and the payoff appears to be at hand.

    Disclosure: I own IFUE shares
    Jul 08 1:52 PM | Link | Comment!
  • Wisdom Tree’s (WSDT) Assets under Management continue to grow

    In June, (see below) the company  was one of only two of the top eight  ETFs (Exchange traded Funds)  to  increase  assets under management (AUM), according to data provided by NSX (National Stock Exchange).

     

     

    Month End June 2011

     

     

     

     

     

     

     

    Assets ($Mil)

    By Issuer

    Jun-09

    Jun-10

    May-11

    Jun-11

    Products

    Blackrock

    $291,646

    $361,719

    $484,908

    $474,240

    213

    SSgA1

    $149,834

    $193,354

    $259,569

    $259,331

    101

    Vanguard

    $59,250

    $102,718

    $177,248

    $174,750

    64

    Invesco/PowerShares

    $25,565

    $32,095

    $46,292

    $44,142

    114

    ProShares

    $27,537

    $25,404

    $26,184

    $27,152

    121

    Van Eck

    $8,052

    $14,486

    $22,999

    $22,904

    34

    Deutsche Bank2

    $7,528

    $9,750

    $13,859

    $13,265

    21

    Wisdom Tree

    $4,027

    $6,231

    $12,295

    $12,934

    46

     

     

    Furthermore, as noted in the past, the company  is  one of the best investment plays (and the purest) in this growth industry of ETF sponsors and management. It is already cash flow positive; has turned profitable on a GAAP basis; and has a rock solid, debt-free balance sheet.

    The shares  soon will be  registered with the SEC and listed on an exchange instead of trading on the Pink Sheets. There is  also a takeover aspect in that  40% of the stock is owned by Chairman Michael Steinhardt, a proven, successful, money maker. It’s possible that at some point he becomes the catalyst for sale of the company at a higher valuation on a much higher AUM level.

     

    • Disclosure: I have no positions in WSDT, and no plans to initiate any positions within the next 72 hours.
    Jul 05 11:44 AM | Link | Comment!
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