This company has repurchased some of its stock from the market during the first quarter of calendar 2008. Investors must conclude that the management sees superior business prospects in the near term. It is significant that the share price was about 50% below the 52-week high of over $15 when the company board last authorized stock repurchase at the end of February 2008.
The stock is from the futuristic Security Systems & Services Industry. The company is based in Israel, which is a highly security-conscious country. However, the business extends as far as Latin America, apart from the United States. Clients can use the company’s products and systems to find stolen vehicles, to identify radio frequencies, and to read meters at remote locations. Stock owners can look forward to such business spreading to other parts of the world in due course. The personal concierge service is especially popular with more than 11,000 subscribers in the home country already.
The Trailing Twelve Months basis Price to Equity Ratio is below 5 against almost 20 for the industry and 22.56 for the Services Sector. The Dividend Yield is 13.01 against less than 1 for the industry. The Payout Ratio over the last four quarters has been 58.28. Business has grown faster than the industry during the Most Recent Quarter. Total Debt to Equity during this period has been 0.04.
March 2008 seems to be an opportune time to enter this small capital stock in a high-technology part of the world economy.
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