INXSF.PK / INX.V is a potential multi-bagger and is my third largest holding. It trades in Canada as INX.V and via the pinksheets in the US at INXSF.PK. Here are some reasons why I am very bullish:
1. They made $0.025 in the third quarter. They are guiding for a 25% increase in revenue in 2011. I estimate that their guidance implies 2011 diluted EPS of $0.10+/share pre-tax. Per my estimate they are trading at a forward PE of well less than 3.
2. Insiders have been purchasing shares: Nov 25/10 Nov 23/10 Beutel, Eric Marshall Direct Ownership Common Shares 10 - Acquisition in the public market 210,000 $0.162 Oct 18/10 Oct 15/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 36,000 $0.080 Jun 07/10 Jun 07/10 Gaffney, Michael John Direct Ownership Common Shares 10 - Acquisition in the public market 7,500 $0.075 http://canadianinsider.com/coReport/allTransactions.php?ticker=inx
3. Their customers include a large number of blue chip companies some of which include the following: Sprint, Best Buy, Victoria's Secret, Toyota, GM, Mazda, Ford, Pizza Hut, Staples, and BJ's http://www.intouchsurvey.com/Customers/
In-Touch provides integrated solutions for custom data capture and mobile marketing solutions for global enterprise customers. You can learn more about In-Touch Survey Systems here: http://www.intouchsurvey.com/Company/
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.