04 recapHappy New Year All !! And what a start SIRIT at $1.55
I thought i would take some excerpts from Northern Securities buy recommendation report: Oct.5,2004 "STRONG BUY" 12-Month Target $2.30
-RFID could grow to US $7 billion by 2008
-the major RFID initiatives by Wal-Mart and the US Dept of Defense reflect RFID is on the cusp of being technologically and economically viable for SCM and are accelerating industry adoption
-with their 10-yr history in the AVI market, the company has a solid foothold into the SCM market as well as growth opportunties in AVI market
-passing Intel's due diligence process means that they are a leader in the field of RFID
-both officers as well as the directors have extensive experience in developing leading-edge RFID technolgies and in establishing partnerships with Fortune 500 companies
-a revenue base of $20 million per year and growing
Not to mention the Harris report..Great balance sheet,no debt and cash in the bank! (And let us not froget our legacy investments "05" looks like the best year yet for them to IPO). Continued revenue growth both in AVI and SCM.
I can't think of a better Co.to be invested in going into "05"
Good Luck Sirit longs!!
nek