GPSN,,,,
Product:
They provide golf courses with a wireless coverage and install gps on golf carts and handheld display as well, if you want to walk it. Their "Inforemer HD" provides you with a course flyover, hole hazards and distances, amongst other various things. They also gives you informationn of other players on the course and wireless access to the snack bar so you can place an order (get beer ; ) from anywhere on the course. As a golfer myself, I see the potential of the product, and how it can be a major asset to golf clubs. The PGA has recently allowed the use of the products in tournament play due to the fact that there are already color markers on the course indicating distance.
Financial:
There has been a big turnaround in the past 6 months, the company recently announced that the sales for the first half of 2007 have already surpassed the sales of 2006. Couple weeks after that they got a 5 year contract worth $16 mil a year. The stock price jumped to $.16 on this news and got some heavy volume for about a week. The company has been in the red every year, my specualation is that when the year end (maybe quarter) reports come out and the company is in the black, the stock is going to take off. They have built a pretty good international customer base, mostly US and European Countries. So they should keep getting more and more orders as their prodcut spreads, as well as upkeep fees from the previous customers. Right now I am looking to purchase more shares, but I would like to get them below $0.10 keep an eye out on this one. Days of good news stock usually jumps 20%. I suggest buying some for short term trades, but keeping a stash for the long run.
I do own shares (I only have $500 due to the speculation) but I will double down if I see 7 or 8 cents again. I suggest doing your own research before buying any stock.
BTW.... check out Prolinks, PLKH , they have roughly the same market cap, product, and financials stock price is $1.40
$0.13 (04/15/07)
