BIG Move in Mitek Systems Today… How the SMC S.I.M.P.L.E. Investing Method WORKS! See Video+
| +20%* Move TODAY in Mitek Systems for Stock Market Companion Members … Using our Stock Market Companion S.I.M.P.L.E. Investing Method….
Today another SMC Holding = Mitek Systems, Inc. (Ticker: MITK $10.31) jumped STRONGLY higher. At one point today, the shares were over +25% higher than yesterday’s close. Here’s how we quickly apply our S.I.M.P.L.E. investing model to Mitek – S = Story = The company has created the system that allows companies like banks and insurance companies (and others) to offer their customers abilities to take pictures of – in the case of banks – checks with their smartphones and deposit them automatically into their bank accounts. This optical data capturing and transfer system for smartphones can be used for many innovative and cost saving applications. Please click here for a link to Mitek’s website section identifying different solutions that are offered by their innovative system. I = Institutional interest / Investor Interest = The company’s shares have risen from $1.61/share in October 2010 to over $10/share today. Trading volume is expanding. M = Market = The market is in a clearly defined UPTREND since October 4, 2011. P = Person or Product = The product is very innovative and is associated with the explosion in smart phone use. The product is a very practical tool, AND requires careful testing with the customers (banks and insurance co’s) who want to adopt it. So there are some barriers to entry from competitors. L = Leader = Mitek’s share appreciation certainly places it in the leading stock category for stocks under $10/share in price. E = Earnings = The company has posted its FIRST quarter of profitable earnings on +151% in sales revenue over the same quarter last year. Gross operating margins for their product is over +90%! That’s fantastic. So there you have a quick application of our S.I.M.P.L.E. Stock Investing method as applied to Mitek. Now – staying with MITK – Please click here for our Stock Market Companion Successful Investing Video where we talk about the technical developments taking place with the shares. Please remember to right click on the video icon to bring up commands that allow you to rewind, replay, or stop the video. When you are done with the video, please click here to a link to the Quarterly Report directly from Mitek, Corp. You will find it an excellent read.
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* Past performance is of course no guarantee of future performance. All investing involves risk! |
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* Past performance is of course no guarantee of future performance. All investing involves risk!
