The GeoTeam's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/360252/comments http://seekingalpha.com/article/1485051/comments?source=feed#comment-20084372 20084372 Mon, 17 Jun 2013 23:50:16 -0400 http://seekingalpha.com/article/1485051/comments?source=feed#comment-20084122 20084122 Mon, 17 Jun 2013 23:41:36 -0400 http://seekingalpha.com/article/1485051/comments?source=feed#comment-20084082 20084082
In a nutshell, when looking at MKTG as a potential investment or acquisition target it’s important to see how its operations could be manipulated to bring it more in line with some of the characteristics of its comps. What MKTG loses on the gross margin, it makes up at the pre-tax margin. MKTG spends less on marketing expense. So top line growth could probably be dialed up. More on this, possibly in a follow up article after we perform additional DD.

Remember, we are saying that MKTG EV/S multiple should stand at around 5, not necessarily 8, which is the takeout multiple of ET and ELOQ comps.

Using an EV/S of 5 equates to a price of $19.78 or $18.6 if total liabilities are included in the EV calculation.

A reasonable EV/S of 4 equates to a price of $16.25]]> Mon, 17 Jun 2013 23:39:50 -0400
In a nutshell, when looking at MKTG as a potential investment or acquisition target it’s important to see how its operations could be manipulated to bring it more in line with some of the characteristics of its comps. What MKTG loses on the gross margin, it makes up at the pre-tax margin. MKTG spends less on marketing expense. So top line growth could probably be dialed up. More on this, possibly in a follow up article after we perform additional DD.

Remember, we are saying that MKTG EV/S multiple should stand at around 5, not necessarily 8, which is the takeout multiple of ET and ELOQ comps.

Using an EV/S of 5 equates to a price of $19.78 or $18.6 if total liabilities are included in the EV calculation.

A reasonable EV/S of 4 equates to a price of $16.25]]> http://seekingalpha.com/article/1470391/comments?source=feed#comment-19925332 19925332 Thu, 13 Jun 2013 09:02:25 -0400 http://seekingalpha.com/article/1470391/comments?source=feed#comment-19914372 19914372
1). company is exploring alternatives to enhance shareholder value

2). The recent 13D activity that disclosed an offer to acquire the company at $16.00 that should provide a floor for the stock. The 13D investor scooped up more shares on some recent weakness. Management is also adding shares. ]]> Wed, 12 Jun 2013 22:17:17 -0400
1). company is exploring alternatives to enhance shareholder value

2). The recent 13D activity that disclosed an offer to acquire the company at $16.00 that should provide a floor for the stock. The 13D investor scooped up more shares on some recent weakness. Management is also adding shares. ]]> http://seekingalpha.com/article/1491232/comments?source=feed#comment-19868772 19868772 Tue, 11 Jun 2013 21:05:13 -0400 http://seekingalpha.com/article/1113301/comments?source=feed#comment-19593141 19593141 Tue, 04 Jun 2013 10:26:12 -0400 http://seekingalpha.com/article/1113301/comments?source=feed#comment-19592031 19592031 Tue, 04 Jun 2013 10:09:53 -0400 http://seekingalpha.com/article/1295891/comments?source=feed#comment-19591901 19591901 Tue, 04 Jun 2013 10:08:16 -0400 http://seekingalpha.com/instablog/169406-dutch-trader/1893881-cleantech-solutions-what-happened-last-week?source=feed#comment-19456131 19456131 Fri, 31 May 2013 05:24:06 -0400 http://seekingalpha.com/article/1069121/comments?source=feed#comment-19330621 19330621
• any direct access to the facilities,
• to take any video, or
• give us permission to retrieve SAIC and SAT documents for ourselves.

I don’t think we can be any clearer than we were in our follow-up blog post stating:

[“As we continue to call for a cleansing of the ChinaHybrid space, we as investors have exercised our right not to invest. In doing so, we have helped to create what could be a fantastic value opportunity if management teams begin to trust that our true motives are to help them gain investor confidence. It is time that we collectively let these companies know that if they want our money, certain conditions MUST be met:

• Complete transparency with an openness to independent review;
• Quality management that cares about investors;
• Quality advisors: Law Firms, Auditors, IR, and Investment Bankers who have not been tainted over and over again with fraud associations.

This does not seem like so much to ask for, but we are still looking for that one company.”]

This disappointment alone is enough to keep us from holding a long position in CLNT, but the events of the past couple of weeks are even more troubling. As stated in Rick’s article (http://bit.ly/12fP6L5) published today it seems there is a very real possibility the CLNT stock is being manipulated during a time when the company is trying to raise money. It matters little to us if management is or is not part of stock manipulation activities. What does matter is that it in our view it’s apparently happening. At this point we view any investment in CLNT as highly speculative. Ultimately, we prefer more certainty in the investments we make]]> Tue, 28 May 2013 13:42:38 -0400
• any direct access to the facilities,
• to take any video, or
• give us permission to retrieve SAIC and SAT documents for ourselves.

I don’t think we can be any clearer than we were in our follow-up blog post stating:

[“As we continue to call for a cleansing of the ChinaHybrid space, we as investors have exercised our right not to invest. In doing so, we have helped to create what could be a fantastic value opportunity if management teams begin to trust that our true motives are to help them gain investor confidence. It is time that we collectively let these companies know that if they want our money, certain conditions MUST be met:

• Complete transparency with an openness to independent review;
• Quality management that cares about investors;
• Quality advisors: Law Firms, Auditors, IR, and Investment Bankers who have not been tainted over and over again with fraud associations.

This does not seem like so much to ask for, but we are still looking for that one company.”]

This disappointment alone is enough to keep us from holding a long position in CLNT, but the events of the past couple of weeks are even more troubling. As stated in Rick’s article (http://bit.ly/12fP6L5) published today it seems there is a very real possibility the CLNT stock is being manipulated during a time when the company is trying to raise money. It matters little to us if management is or is not part of stock manipulation activities. What does matter is that it in our view it’s apparently happening. At this point we view any investment in CLNT as highly speculative. Ultimately, we prefer more certainty in the investments we make]]> http://seekingalpha.com/article/1463951/comments?source=feed#comment-19330351 19330351 http://seekingalpha.co...) noting what we found to be a promising development. We observed CLNT operations for some time last fall and came away with what believed was a busy ongoing operation. However, since our article we have asked management to allow us more complete access to their operation so we can further substantiate financials and margins. The long and short of it is the same old song and dance we get from many China based companies in that management offered to “send us” any documentation (the same documentation sent to CLNT’s auditor) we asked for, but would not allow us

• any direct access to the facilities,
• to take any video, or
• give us permission to retrieve SAIC and SAT documents for ourselves.

I don’t think we can be any clearer than we were in our follow-up blog post stating:

[“As we continue to call for a cleansing of the ChinaHybrid space, we as investors have exercised our right not to invest. In doing so, we have helped to create what could be a fantastic value opportunity if management teams begin to trust that our true motives are to help them gain investor confidence. It is time that we collectively let these companies know that if they want our money, certain conditions MUST be met:

• Complete transparency with an openness to independent review;
• Quality management that cares about investors;
• Quality advisors: Law Firms, Auditors, IR, and Investment Bankers who have not been tainted over and over again with fraud associations.

This does not seem like so much to ask for, but we are still looking for that one company.”]

This disappointment alone is enough to keep us from holding a long position in CLNT, but the events of the past couple of weeks are even more troubling. As stated in Rick’s article it seems there is a very real possibility the CLNT stock is being manipulated during a time when the company is trying to raise money. It matters little to us if management is or is not part of stock manipulation activities. What does matter is that it in our view it’s apparently happening. At this point we view any investment in CLNT as highly speculative. Ultimately, we prefer more certainty in the investments we make.]]> Tue, 28 May 2013 13:36:04 -0400 http://seekingalpha.co...) noting what we found to be a promising development. We observed CLNT operations for some time last fall and came away with what believed was a busy ongoing operation. However, since our article we have asked management to allow us more complete access to their operation so we can further substantiate financials and margins. The long and short of it is the same old song and dance we get from many China based companies in that management offered to “send us” any documentation (the same documentation sent to CLNT’s auditor) we asked for, but would not allow us

• any direct access to the facilities,
• to take any video, or
• give us permission to retrieve SAIC and SAT documents for ourselves.

I don’t think we can be any clearer than we were in our follow-up blog post stating:

[“As we continue to call for a cleansing of the ChinaHybrid space, we as investors have exercised our right not to invest. In doing so, we have helped to create what could be a fantastic value opportunity if management teams begin to trust that our true motives are to help them gain investor confidence. It is time that we collectively let these companies know that if they want our money, certain conditions MUST be met:

• Complete transparency with an openness to independent review;
• Quality management that cares about investors;
• Quality advisors: Law Firms, Auditors, IR, and Investment Bankers who have not been tainted over and over again with fraud associations.

This does not seem like so much to ask for, but we are still looking for that one company.”]

This disappointment alone is enough to keep us from holding a long position in CLNT, but the events of the past couple of weeks are even more troubling. As stated in Rick’s article it seems there is a very real possibility the CLNT stock is being manipulated during a time when the company is trying to raise money. It matters little to us if management is or is not part of stock manipulation activities. What does matter is that it in our view it’s apparently happening. At this point we view any investment in CLNT as highly speculative. Ultimately, we prefer more certainty in the investments we make.]]> http://seekingalpha.com/article/1069121/comments?source=feed#comment-19123471 19123471 Wed, 22 May 2013 13:15:34 -0400 http://seekingalpha.com/article/968681/comments?source=feed#comment-19111871 19111871 Wed, 22 May 2013 09:15:26 -0400 http://seekingalpha.com/article/1384321/comments?source=feed#comment-18291181 18291181 Tue, 30 Apr 2013 18:19:49 -0400 http://seekingalpha.com/article/1069121/comments?source=feed#comment-18128561 18128561 http://bit.ly/ZpgJO4]]> Fri, 26 Apr 2013 10:10:08 -0400 http://bit.ly/ZpgJO4]]> http://seekingalpha.com/article/1113301/comments?source=feed#comment-17733721 17733721 EOPN) position on 4/3/2013, the stock slightly missed on its fourth quarter numbers for fiscal 2013. The company has offered first quarter fiscal 2014 guidance that is significantly less than analyst estimates. It has attributed this to operational changes which the company expects to benefit from in the second half of fiscal 2014. Our Premium Members may recall that we sold EOPN due to the risk that we saw from being long SaaS companies in the current volatile market. We will revisit in the future. The stock is down sharply in early trading.]]> Wed, 17 Apr 2013 10:14:58 -0400 EOPN) position on 4/3/2013, the stock slightly missed on its fourth quarter numbers for fiscal 2013. The company has offered first quarter fiscal 2014 guidance that is significantly less than analyst estimates. It has attributed this to operational changes which the company expects to benefit from in the second half of fiscal 2014. Our Premium Members may recall that we sold EOPN due to the risk that we saw from being long SaaS companies in the current volatile market. We will revisit in the future. The stock is down sharply in early trading.]]> http://seekingalpha.com/article/1069121/comments?source=feed#comment-17536491 17536491 Fri, 12 Apr 2013 09:39:39 -0400 http://seekingalpha.com/article/1314041/comments?source=feed#comment-17248641 17248641 Fri, 05 Apr 2013 00:28:57 -0400 http://seekingalpha.com/article/1314041/comments?source=feed#comment-17248541 17248541 Fri, 05 Apr 2013 00:19:54 -0400 http://seekingalpha.com/article/1314041/comments?source=feed#comment-17110101 17110101 Tue, 02 Apr 2013 10:22:10 -0400 http://seekingalpha.com/article/1302171/comments?source=feed#comment-16877151 16877151 Wed, 27 Mar 2013 10:31:25 -0400 http://seekingalpha.com/article/1302171/comments?source=feed#comment-16858291 16858291 Tue, 26 Mar 2013 23:01:36 -0400 http://seekingalpha.com/article/1302171/comments?source=feed#comment-16852081 16852081
I have to give it to you Matt. Your article was well constructed if was intended to ilicit a response from investors by insinuation, but poorly written as it fails to explain the dynamics of what is going on at GV and other firms benefiting from a favorable industry trend.]]> Tue, 26 Mar 2013 19:29:56 -0400
I have to give it to you Matt. Your article was well constructed if was intended to ilicit a response from investors by insinuation, but poorly written as it fails to explain the dynamics of what is going on at GV and other firms benefiting from a favorable industry trend.]]> http://seekingalpha.com/article/1295891/comments?source=feed#comment-16832091 16832091
That being said, other SaaS stocks exist that offer considerable upside if their business plans stick. SLTC being one of them.

Good Luck]]> Tue, 26 Mar 2013 13:01:24 -0400
That being said, other SaaS stocks exist that offer considerable upside if their business plans stick. SLTC being one of them.

Good Luck]]> http://seekingalpha.com/article/1295891/comments?source=feed#comment-16820261 16820261 Tue, 26 Mar 2013 09:36:33 -0400 http://seekingalpha.com/article/435861/comments?source=feed#comment-16802811 16802811 Mon, 25 Mar 2013 21:05:47 -0400 http://seekingalpha.com/article/644681/comments?source=feed#comment-16781431 16781431
the stock must reach about $6/shr to attain "4-bagger" status from our first mention. Right around the corner....]]> Mon, 25 Mar 2013 14:22:03 -0400
the stock must reach about $6/shr to attain "4-bagger" status from our first mention. Right around the corner....]]> http://seekingalpha.com/article/644681/comments?source=feed#comment-16765711 16765711 Mon, 25 Mar 2013 09:53:04 -0400 http://seekingalpha.com/article/339101/comments?source=feed#comment-16322311 16322311 KTCC) and Iec Electronics (NYSE AMEX:IEC), two companies operating in similar industries as SMTX.]]> Fri, 15 Mar 2013 09:37:50 -0400 KTCC) and Iec Electronics (NYSE AMEX:IEC), two companies operating in similar industries as SMTX.]]>