SBLK is a global shipping company that provides seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products. SBLK has a fleet of 74 vessels, with an aggregate capacity of 8.2 million dwt. We think shares are worth at least $20.
DSX is a global provider of shipping services. DSX specializes ownership of dry bulk vessels. As of March 2017, the company’s fleet consisted of 48 dry bulk vessels with a combined capacity of 5.7 million dwt. We think shares are worth $8 or more.
This week’s featured pick, Mitek Systems, Inc. (Nasdaq: MITK), was a red-hot play in 2016, with the company’s shares doubling in value last spring—topping out north of $9. That run was driven by improved company performance on both the top and bottom lines, and a bullish forward outlook. As so often happens, profit-taking and other market headwinds conspired to knock the price back under $6, where the issue had been consolidating for the better part of six months. Last week, however, MITK began a powerful run higher from those depressed levels, ripping up to the $7.50 mark on strong volume—a move which may portend another run to fresh 52s.
Sierra Wireless moves mountains for mobile computer users. The company designs modems that enables PCs, notebook computers, and vehicles to communicate wirelessly. Its products are used for Internet access, e-mail, database access, vehicle dispatch, and a range of machine-to-machine applications. Its product lines include AirPrime (embedded wireless modules), AirLink (intelligent gateways), and AirVantage (machine-to-machine cloud products. About half of sales are to customers in the Asia/Pacific region.
Rocket Fuel pioneered artificial intelligence in advertising. Predictive marketing is now here. Predictive marketing leverages real-time data and artificial intelligence to anticipate consumer needs. How does it all work? You finish binge watching your favorite series on Netflix and then you see thoughtful recommendations about what to watch next as you browse. You spend $500 on your Nordstrom store card and then start receiving sales promotions on items somehow they know you love. These situations are the beginning of a bright future in predictive marketing. Years ago, advertisers would run a television ad or a radio bit just hoping to get lucky enough to catch some portion of their target audience. Nowadays, Rocket Fuel is using artificial intelligence to process all the mountains of information out there into reliable signals about each individual consumer and their preferences. These signals have become the powerful foundation for how to build effective advertising campaigns.
• Nothing advances share prices like the strong top and bottom line growth DarioHealth Corp. (DRIO) is experiencing
• DRIO reported a whopping 282% growth in sales for the previous 9 month period ending last September
• Expect a record Q4 and full 2016 results when DRIO reports next month, a strong catalyst to drive shares higher
• Approval for the Android version of the DarioSmart Diabetes Management Solution is expected by mid-2017, another positive catalyst for the company
• Near-term launch in Germany also pending
• Coming off a $5.1 million raise last month, DRIO has a strong balance sheet to continue rapid market penetration
• DRIO has a unique business model in the Mobile Health (mHealth) space that helps customers better manage their diabetes, and that model, (along with the Company’s proprietary technology), is the driving force behind the growth
Insys Therapeutics aims to take the rough edges off of chemo and cancer pain. The commercial-stage drug development company is focused on treating side effects of chemotherapy, as well as therapies for pain management. Its first product is Subsys, which brings in virtually all of its revenue; it is a fast-acting oral spray version of cancer pain drug Fentanyl. Syndros (dronabinol), which was approved by the FDA in mid-2016, is a generic liquid formulation of Marinol (a synthetic version of the active chemical in marijuana) for treatment of chemotherapy-induced nausea and vomiting. All of the company's drug candidates are re-formulations of already-approved therapeutic ingredients.
Looking to get financially fitter, Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers in the US, went public in 2015. Its judgement-free approach to fitness and exceptional value proposition (it offers a wide choice of equipment and low membership fees) has enabled it to become an industry leader with over $1 billion in system-wide sales. As of September 30, 2016, Planet Fitness had more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic. The company is controlled by investor TGS Funds with a board of directors that include top notch talent.
Kratos Defense & Security Solutions, Inc. is a mid-tier government contractor at the forefront of the Department of Defense's Third Offset Strategy. The company is a leading technology, intellectual property, and proprietary product and solution based business, addressing the United States and its allies' National Security priorities. Kratos' primary focus areas are unmanned systems, satellite communications, microwave electronics, cyber security/warfare, missile defense, and combat systems. Kratos has primarily an engineering and technically oriented work force of approximately 2,700 with a substantial number of the company’s employees holding National Security Clearances. Virtually all of Kratos' work is performed on a military base, in a secure facility, or at a critical infrastructure location. Kratos' primary end customers are National Security related agencies.
Company Overview -
JetBlue Airways is counting on more than low fares to make its ledgers jet-black. The carrier offers one-class service -- with leather seats, satellite TV from DIRECTV, satellite radio from XM, and movies -- to more than 32 million passengers a year, and taking them to more than 90 cities. It has 925 daily flights in nearly 30 US states, Puerto Rico, Mexico, and 19 countries in the Caribbean and Latin America. Most of its flights arrive or depart from Boston, Los Angeles, New York, Orlando, Fort Lauderdale, and San Juan. JetBlue's fleet of more than 215 aircraft consists mainly of Airbus A320s and A321s, but also includes Embraer 190s.
Company Overview -
Bank of America is the #3 bank in the United States ranked by deposits with $1.312 trillion, trailing #1 JP Morgan with deposits of $1.486 trillion and #2 Wells Fargo with deposits of $1.322 trillion. Bank of America serves a range of customers, including: individual consumers, small- and middle- market businesses, institutional investors, corporations, and governments. The core driver of the bank’s net income is Consumer Banking. However, the bank’s Merrill Lynch franchise within Global Wealth & Investment Management is very well-known, managing nearly $2.5 trillion of client assets, for among others nearly 1 million high net worth households, by way of 17,000 financial advisors.
OnDeck is the leading online platform for small business lending. OnDeck is transforming small business lending by making it more efficient and more convenient for small businesses to access capital. The company’s proprietary credit underwriting approach with the OnDeck Score® coupled with an online focus enables immediate lending decisions with same day funding. In comparison, traditional banks often take weeks to review, approve, and fund a loan, but most of the time won’t even consider lending to a small business.
Our favorable outlook for the business considers: (i) a sizeable addressable market opportunity; (ii) the value of the proprietary OnDeck Score®; (iii) future opportunity for white label partnerships, as seen with JP Morgan; (iv) the emerging strategic partnership channel opening up the mass market; (v) room for international expansion; (vi) greater credit stability than many appreciate; and (vii) the inflection point for positive EBITDA quickly approaching.
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