Mind CTI Ltd (MNDO)

[longmike2]

HELLO OUT THERE!!!!


Seeking Alpha

MNDO will prove this author wrong, it will be very strong and your starter position should have been $2.38..

"Mind shares seem pretty cheap and I do think this is a high quality company. No matter how you calculate ROIC, you will get a result of 50%+ and there is very consistent cash generation. The technology seems to have a good value proposition and I am always attracted to recurring revenue streams. However, prospective returns of 45% over 3 years or ~13% annually are not juicy enough in my opinion to make this a strong buy. I'm also reluctant to take a large position now because I feel the market misunderstands the revenue and currency issues, which could create a better buying opportunity sometime in the next few years when margins likely revert and/or the current down fluctuation in revenue continues. Mind is a very interesting opportunity, and perhaps now is a good time to take a starter position, but I don't think the stock is a conviction buy at this price".


Bottom line...sales may be down but profits are better percentage wise. Company tightened their belt...running most efficiently!!

good for them, good for us...buy it up... 11% dividend from here