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Marty Chilberg
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I'm a retired CPA who spent the majority of his working career in technology companies. My work included management stints at Atari Inc, Daisy Systems Corp, Symantec Corp and Visio Corp. My last position at Visio (VSIO) was as CFO and VP Finance and Operations.
  • Telecommunication Systems Inc: Technically A Buy 0 comments
    Jun 18, 2014 8:34 AM | about stocks: TSYS

    Telecommunication Systems, Inc (NASDAQ:TSYS) appears to be forming the handle of a "cup and handle" chart pattern which has slowly formed over the past year. This comes after a 2 1/2 year downtrend which brought the stock down 90% from it's high of $10.55 in January 2010. Fundamentally the company has restructured their debt, written off intangible assets, reduced employees by 10% and reduced discretionary spending across the board.

    After many quarters of missed expectations, the company beat earnings and revenue consensus in Q1-14 following an earnings beat in Q4-13 as well. Looking forward, the company has stated that the bottom of the business cycle is now behind them with new business expected to come from NG911 and government awards where funding had been constrained. Comps are favorable looking forward. The stock has rallied nicely over the past few months and is now consolidating. I'm looking to add to my position here but with a stop at $3. The company still needs to prove they can consistently deliver before I'll let new money get categorized as longer term.

    Disclosure: The author is long TSYS.

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