I am surprise by the price action today....thought it deserved a bit of a pop. It beat guidance which is a good start but I was particularly encouraged by some things said on the conference call namely increasing the engineers given revenue opportunities, 7 smart metering opportunities one in the US that is at the trial stage and they are the only communication module supplier and in discussion with another 3 of the top telcos for supply agreements with potential for a few more.
think some people would have liked earning guidance or more guidance about a rapid ramp up and don't appreciate that it takes time introducing new technologies/concepts to business and educate them about the benefits. Some many catalysts for this puppy it's going to be much higher in a year the question is how many multiples of the current price IMO.
NTC Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held