WebTech Wireless Inc WEWWF

q1

[dpunt32]

Not a bad quarter, recurring revenue growing, expenses lower...cash balance is still there..looks good...now the company just needs investors to care, and hope they can look past the previous disasters...

[dqma]

The problem is the growth is stagnant. Not up or down.  breakeven quarter after quarter.  They need to show they can generate revenu growth if they want to go alone...so From the catalyst point of view, the only thing I see now is the sale of the company.

[dpunt32]

yes that is the challenge, and why its trading at less than .5x Revenues...i agree sale is the way to go, another buyer can strip out alot of costs and make it much more profitable..similar to what happened with WRX a few months ago...customer base must be pretty sticky if they have stuck with WEW after all the disasters

[Lucentio]

WEW makes new high for the year.  What disasters have customers had with WEW?  None.  WEW has been making great progress in cutting costs which is why WEW is now profitable.

[dpunt32]

i agree..very undervalued and new team has done great job in cleaning things up...wrt to disasters it was a comment directed at previous regime of Anwar etc who promoted the stock and blew things up with Brazil etc...today WEW is very undervalued especially given transactions in the sector..my guess would be that in next to 6 months to 12 months someone buys it out, as it is relatively cheap and

[billbarilko]

Agree that the tire kickin is heating up and the sale is imminent - my thought is in the next 90 days. A company could buy these guys and reinvigorate R&D and innovation which has been non existent since the hedgefund got involved. Beyond cutting people to get to ADJUSTED ebitda positive (anyone can be 'adjusted' ebitda positive and really bad that they still use this term); they need

[dpunt32]

it seems some people are starting to notice..can explain volume and price increase over last month..this is writeup from a small cap fund calle Veraz and Webtech is their feature stock, these are their comments:   We’ve added a technology company to the portfolio. Webtech Wireless, a former high flyer, is quietly engineering a turnaround. The recent sale of a division for $20.8M and

[dpunt32]

correction fund is called Teraz and its part of Spartan Funds

[Lucentio]

Webtech is also owned by the Pender Small cap fund