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I'm not disappointed. I will continue to hold this one.
Nice strong earnings. Looking forward to their expansion into 3D printing software sales this year!
I agree, it is solid, and the growth should be greater with the 3D entry.
Yea continuing growth and just tapping the 3-D Market but at a complete different angle.. This is going to be very good..
CIMT earnings out: http://finance.yahoo.com/news/cimatron-reports-record-revenues-q4-080000411.html
CIMT earnings out: http://finance.yahoo.com/news/cimatron-reports-record-revenues-q4-080000411.html
"On the product side, we are excited about the coming release of CimatronE version 12, expected in mid-2014. This version will include new enhancements covering many aspects of mold and die design and manufacturing, including our first solutions geared for the 3D printing market. As we've indicated in previous announcements, CimatronE version 12 will include a new module for the design and analysis of conformal cooling systems, an application of 3D printing. This version will also support the Additive Manufacturing File (AMF) format – the new standard for converting 3D models into digital files for 3D printing and additive manufacturing. We are confident that we will identify additional uses and applications of our technology for additive manufacturing as we gain more exposure to this emerging market. We believe that these developments, along with other investments in our traditional target markets, will continue to drive growth in revenues and profits going forward," concluded Mr. Haran.
Added my first positions today. Hoping for a strong report.
Cheers!
I just added big time. Sold my last position during the run up to 10. But I see a good entry point now. Glta.
Added more CIMT today.
I believe Q4 2013/full year numbers will be strong and 3D printing software launch still to come this year.
Thanks for posting! I want to add a position here again. I recently sold at 10, but was seeing a pullback to 8ish as imminent. Let's see.
Cimatron: A CAN SLIM Slugger With 3D Printing Plans For 2014
Here is an article released on 12 Jan 2014 at Seeking Alpha:
http://seekingalpha.com/author/3d-printing-investor
Disclosure: I am long CIMT, DDD, . I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Editors' Note: This article covers a stock trading with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
3D printing investors might want to keep a close eye on Cimatron Ltd. (CIMT). The company scores extremely well in a CAN SLIM forward growth projection and is entering the 3D printing software market this year. Cimatron reported the best Q3 in their 32 year history in November, sports a trailing twelve month PE of 22, and has announced plans to enter the 3D printing space this year with industry leader TerryWohlers on their 3D printing advisory board. If that wasn't enough to get your attention, Cimatron registers as a CAN SLIM slugger that appears ready to power to new higher highs.
My earlier article using CAN SLIM in an evaluation of 3D Systems Inc. (DDD) reflected many of the same positive metrics in that stock when it was trading at less than half its current valuation.
For those new to "CAN SLIM", it's the acronym of a screen for high growth stocks developed by William J. O'Neil, successful investor, entrepreneur, and founder of Investor Business Daily. O'Neil began using his CAN-SLIM methodology in 1953, and the approach is generally regarded as one of the most effective screens for finding high growth stocks that will lead their sector and trade to higher highs. Great growth stocks share seven characteristics in the CAN SLIM screen and CIMT has them…in addition to 3D printing software sales coming online in 2014.
Overview/Share Structure
Cimatron develops and distributes CAD/CAM software for the manufacturing industry and is ranked among the top ten CAD/CAM suppliers in every global region. The company has subsidiaries in Asia, North America and Europe, and works with certified independent service providers in over 40 countries worldwide. Cimatron was founded in 1982 and is based in Israel.
CIMT has 9.3 million shares issued & outstanding and a market capitalization of $92 million as of 1/5/2014. Cimitron enjoys a healthy 36% institutional ownership and investors have enjoyed a dividend history with an annualized dividend yield of 4.6%.
Current Product Lines
1.CimatronE, an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts. (See CimatronE video)
2.GibbsCAM®, billed as "The CAM industry's recognized ease-of-use leader, offers simple to use, yet extremely powerful, solutions for programming CNC (Computer Numerical Control) machine tools". (See GibbsCAM® video)
CAN SLIM
•C stands for Current earnings. Per share, current earnings should be up to 25% vs. the same quarter in the previous year. Additionally, if earnings are accelerating in recent sequential quarters, it's a positive prognostic sign.
Cimatron's Q3 GAAP earnings reported on 11/12/13 came in at .10/share vs. .06/share for Q3 of 2012 (a 67% increase), strongly beating the 25% growth mark required for this metric.
EPS accelerated from .08 in Q1 of 2013, to .11 in Q2 of 2013 and then stalled a bit in Q3 at .10 due in part to some share dilution to 9.73 million shares vs. 9.36 million shares in Q2 of 2013.
I expect Q4 to show continued growth based on CEO Danny Haran's statement in the Q3 conference call:
"Generally, and this has been true almost every year. Q4 is the strongest quarter of every year. We expect this year to be no different, and we expect it could be stronger than the other three quarters. However, it is too early in the quarter to give more qualitative guidance, as you know, our quarters in general are back-ended. We see much of the activity coming towards the end of the quarter, so I cannot say much more beyond that we again expect it to be the strongest quarter of the year."
•A stands for Annual earnings which should be up 25% or more in each of the last three years.
Here, Cimatron knocks it out of the park with annual EPS results as follows:
2010 EPS = .18 2011 EPS = .29 2012 EPS = .40
These numbers far exceed the 25% threshold required to meet the annual earnings growth metric of CAN SLIM.
•N stands for New product or service, more specifically a product or service that fuels earnings growth for the "C" and "A" above. This forward look allows the company's stock to break out of prior ranges to new highs. This "N" is partly what propelled Apple, America Online, Amazon.com, eBay, and other high-fliers over the last two decades, and it's what should help drive Cimatron's stock higher over time.
In this case the "new product or service" is 3D printing.
Cimatron brought leading industry expert Terry Wohlers onto their newly-established 3D printing advisory board last year. Cimatron CEO Danny Haran stated at the time:
"The creation of a 3D printing advisory board, and Mr. Wohlers' appointment to it, is aimed at accelerating Cimatron's efforts in entering the additive and hybrid manufacturing field."
Terry Wohlers added:
"Cimatron has long been a strong player in the CAD/CAM software market, and it is only natural for the company to leverage its knowledge of manufacturing software solutions by exploring opportunities in 3D printing."
Cimatron's new 3D printing software product line will be introduced in mid-2014 according to CEO Danny Haran:
"We are starting to work and develop products and solutions for the software side of 3D printing. We don't have any intentions to go into the machines or materials, but we do see some opportunities in the software side of that market. We will come with the first solution or what's known as conformal cooling for molds in the next version of CimatronE, which as I mentioned is expected about mid-2014."
Expected revenue expansion from 3D printing has not gone unnoticed by Chardan Capital Markets: "Chardan Capital Markets Starts Cimatron Ltd. at Buy; Foray Into 3D Could be 'Game-Changer." I expect Chardan to raise their price target well into the teens as Cimatron's 3D printing software product launch nears.
•S stands for Supply and demand. A stock's demand can be seen by the trading volume of the stock during price increases and decreases. Investing basics tell us that a rising stock price along with rising volume indicates demand for shares out pacing supply, and a drop in share price on high volume shows investors heading for the exits. The Money Flow Index (MFI) is useful here as a trend of averaged stock price and volume changes together over time. I won't go into the calculation specifics of the MFI, but if it consistently runs between 30-80, then it's a picture that says "follow the money".
In CIMT's case, the MFI has ranged in that sweet spot of 30-80 for almost all of the last 6 months. While the stock has traded in a broad range from $5.65-$10.00 during that period, the MFI tells us that there has been, on average, more buying pressure than selling pressure, printing the "S" very nicely in Cimatron's CAN SLIM profile.
(click to enlarge)
•L stands for Leader or laggard? Buying a strongly trading stock in a leading industry keeps the focus on strength, not weakness, and helps separate winners from losers. This measurement can be seen in the Relative Price Strength Rating (RS) of the stock. The RS is a measurement of stock performance over a defined period (usually one year) in comparison to the rest of the market.
Here again, CIMT outperforms. The stock's relative strength based on the trailing twelve months compared to all companies in the Fidelity Investments database comes in at a healthy 92, meaning CIMT outperformed 92% of the stocks screened and is up 108% over a 12 month period.
•I stands for Institutional sponsorship which (unsurprisingly) looks at mutual funds, insurance companies, credit unions, banks, and other large players buying the stock. Institutional sponsorship should be increasing in the most recent two quarters, and not trailing off.
This is the only area in the CAN SLIM valuation where Cimatron does not shine. Institutional ownership numbers tend to vary somewhat depending on the source, but I typically like to use Nasdaq.com here.
The table above shows new and increased positions by institutions totaling 1.57 million shares, while other institutions reduced or sold out 1.53 million shares for a negligible gain in the most recent results available.
•M stands for Market indexes, particularly the Dow Jones, S&P 500, and NASDAQ. This part of the acronym is based on market timing and trends. The goal is to invest in stocks that meet the above "CAN-SLI" criteria while there is an uptrend in the Dow Jones, S&P 500 and NASDAQ. The theory (based on historic trends) is that the stocks of good companies outperform in a rising market. In a declining market and souring economy, institutions as well as individuals leave high growth/high tech companies to buy defensive stocks such as utilities, consumer staples, and health care.
In a rising market as we're currently experiencing a high-growth cyclical company like Cimatron historically outperforms. It may sound trite to say "the trend is your friend", but it is still true nonetheless.
"CAN SLIM SLUGGER +"
With the exception of institutional sponsorship which was essentially unchanged, Cimatron meets all of the CAN SLIM criteria and knocks several of the metrics out of the park. This is what it takes for stocks to power to new highs, assuming market conditions remain healthy.
In addition to the strong forward-looking CAN SLIM results, I believe Cimatron has 3 other desirable attributes:
1.Strong balance sheet with $20.4 million in current assets and $10.9 million in current liabilities for a good (but not great) current ratio of just under 1.9. That said, included in their current liabilities is $4.8 million in deferred revenue that will be credited to sales or service revenues in the upcoming quarter (S).
2.Industry consolidation with Autodesk (ADSK) recently snapping up Cimatron rival Delcam for $277 million, and Dassault Systèmes (OTCPK:DASTY) taking an 84% stake in Realtime Technology AG, the potential for Cimatron to be acquired is real.
3.Comparative value + high growth as an emerging 3D printing software play as the chart below indicates.
Conclusion
As a "CAN SLIM Slugger" and 2014 entrant into the 3D printing software space, Cimatron is a company investors in 3D printing might want to research further. I believe the stock is undervalued and will strongly outperform if current overall market conditions remain intact.
Here is the message from the 3D Guru - Gary Anderson:
Cimatron (CIMT) has Terry Wohlers on their 3D printing board, will enter 3D printing software this year, trailing PE 22,dividend history, and strong forward growth projection.
https://3dprintingstocks.com/cimatron/
Here is the message from the 3D Guru - Gary Anderson:
Cimatron (CIMT) has Terry Wohlers on their 3D printing board, will enter 3D printing software this year, trailing PE 22,dividend history, and strong forward growth projection.
https://3dprintingstocks.com/cimatron/
I believe this should head up today based upon some positive press by a well known 3D analyst.
Currently up almost 10% in pre market.
We shall see how much it goes up by the end of the day.
Nice!! I just exited my position. Hope it goes up more for you.
i've been holding for over a year. i missed the last run up to sell, holding for some more positive news
Been a holder for months now since $6.50. Think I may exit tomorrow. May start another position when retracts into $8 range or lower. IMHO
will be interesting to see if today's news and Chardan's note changes perception on CIMT to be true 3D printing player.
Monster move. Thanks in part to the SA article released.
No, missed it.
GL
Did you take part in the BRND run?
Me too ;) Nice move today.
Hi:
No did not. Looking at 8.64 as next resistance.
Did you sell?
7.34
6.8% isn't bad for one day.
I bought shares today. With 3-D stocks taking off as they are, this company may be in for a the ride.
No news. Thinking about to add some shares..
Hoped for more, but it would be a good start ;) - and way better than low 6s.
$8.00 BY END OF JUNE
$CIMT - Cimatron Announces Pricing of Secondary Public Offering of Ordinary Shares
8:30 AM ET 5/21/13 | PR Newswire
Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, today announced that certain of its shareholders have priced an underwritten public offering for an aggregate of 2,183,303 of its ordinary shares at a price to the public of $6.25 per share. The selling shareholders have also granted to the underwriter a 30-day option to purchase, at the same price per share as the underwriters will pay for the initial shares, an additional 327,494 ordinary shares to cover over-allotments in connection with the offering. Cimatron will not receive any proceeds from the sale of the ordinary shares by the selling shareholders.
The offering is expected to close on Friday, May 24, 2013, subject to customary closing conditions. Roth Capital Partners, LLC is acting as the sole manager for the offering.
The selling shareholders in the current offering had offered and sold Cimatron ordinary shares in an underwritten public offering in March 2013, with Roth Capital Partners, LLC having acted as the sole manager of that offering as well.
The shares being offered by the selling shareholders currently are being offered pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission. A preliminary prospectus supplement relating to the offering was filed with the SEC on May 20, 2013 and is available on the SEC's website at http://www.sec.gov. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov. Copies of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained, when available, from Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660, 800-678-9147.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there by any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Cimatron
With 30 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM software solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with software solutions for mold design, die design, electrode design, 2.5 to 5 Axis milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Safe Harbor Statement
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the public offering and the anticipated closing and timing of the closing. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated. Such statements relate to, among other things, the anticipated satisfaction of the conditions to closing of the offering, market conditions, and risks related to Cimatron's plans, objectives and expected financial and operating results. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Cimatron's ability to control. For more details about the risks and uncertainties related to Cimatron's business, refer to Cimatron's filings with the Securities and Exchange Commission. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Ilan Erez Chief Financial Officer Cimatron Ltd. Phone: +972-73-237-0114 Email: ilane@cimatron.com
Investor Relations contact Ehud Helft/Kenny Gree CCG Investor Relation Tel: (US) +1-646-201-9246 E-mail: Cimatron@ccgisrael.com
SOURCE Cimatron Ltd
http://rt.prnewswire.com/rt.gif?NewsItemId=enUK201305212859&Transmission_Id=201305210830PR_NEWS_USPR_____enUK201305212859&DateId=20130521
I suspect PO price would be below $7.00 and the drop IMHO could be simply "somebody knew something" BWTFDIK?
I'm already in at 7,30. What can we expect regarding PPS? Is the decreasing price in March a result of the former offering?
now's your chance...
$CIMT - Cimatron Announces Proposed Secondary Public Offering of Ordinary Shares
May 20, 2013 16:20:00 (ET)
GIVAT SHMUEL, Israel, May 20, 2013 /PRNewswire via COMTEX/ -- Cimatron Limited , a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, today announced that certain of its shareholders, who had sold ordinary shares of Cimatron in an underwritten public offering in March 2013, are offering to sell shares in an additional underwritten public offering. Cimatron will not receive any of the proceeds from this additional offering of its ordinary shares by the selling shareholders.
Roth Capital Partners, LLC is acting as sole manager of the current offering.
The current offering is subject to market conditions, and there can be no assurance as to whether or when it may be completed, or as to the actual size or terms of the offering.
The shares described above are being offered by the selling shareholders pursuant to a registration statement (including a prospectus) previously filed with and subsequently declared effective by the Securities and Exchange Commission, or SEC. A preliminary prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov .
Before you invest, you should read the prospectus included in the registration statement, the preliminary prospectus supplement and the other documents Cimatron has filed or will file with the SEC for more complete information about Cimatron and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov . Alternatively, copies of the preliminary prospectus supplement, when available, and accompanying base prospectus relating to this offering may be obtained from Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660, 800-678-9147.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Cimatron
With 30 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM software solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with software solutions for mold design, die design, electrode design, 2.5 to 5 Axis milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Safe Harbor Statement
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the proposed public offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated. Such statements relate to, among other things, the satisfaction of the conditions to closing of the offering, market conditions, and risks related to Cimatron's plans, objectives and expected financial and operating results. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Cimatron's ability to control. For more details about the risks and uncertainties related to Cimatron's business, refer to Cimatron's filings with the Securities and Exchange Commission. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Ilan Erez Chief Financial Officer Cimatron Ltd. Phone: +972-73-237-0114 Email: ilane@cimatron.com
Investor Relations contact: Ehud Helft/Kenny Green CCG Investor Relations Tel: (US) +1-646-201-9246 Email: Cimatron@ccgisrael.com
SOURCE Cimatron Ltd
http://rt.prnewswire.com/rt.gif?NewsItemId=enUK201305202805&Transmission_Id=201305201620PR_NEWS_USPR_____enUK201305202805&DateId=20130520
Me:) Following this one closely right now. Looking for an entry point..
Well done. Stay in touch.
Doone
11.58 up .99 for 9.3%
I'm out
Up 41.49% in 9 trading days.
Close long @ 10.40
Up $1.13 for a 15.6% gain, closing at $8.38. Expecting a
pullback, I got out too soon at $8.10. Italian and Spanish
markets rebounded today after crashing yesterday (Monday).
CIMT is big in Italy. The spurt from $8.10 to $8.38 HOD at
the close took place in the last 15 min. After hour trades
(4) ranged from $8.35 to $8.51 (100 sh). Lots of volatility
on low volume stock new to NASDAQ, on watchlist for now.
I'm satisfied with the .75 share it made me just holding
overnight, will it pull back, is the question.
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Cimatron at a Glance Established: 1982 Ranked among the top six CAD/CAM suppliers in every global region, Cimatron has subsidiaries in Asia, North America and Europe, and works with certified independent service providers in over 40 countries worldwide. Cimatron service providers offer responsive and effective sales and technical support, helping businesses use Cimatron software to maximize their potential. Cimatron's full solutions use the most advanced technology available to speed up productivity and shorten delivery times. Designed and developed by manufacturers and toolmakers with a wealth of experience on the shop floor, both of Cimatron's product lines are easy to learn and intuitive for the manufacturing professionals who use them. GibbsCAM®, the CAM industry's recognized ease-of-use leader, offers simple to use, yet extremely powerful, solutions for programming CNC machine tools. GibbsCAM´s intuitive, graphical user interface, is not only easy to learn, but is extremely efficient to use. Designed by machinists for machinists, GibbsCAM is extremely familiar to users coming from the shop floor. The GibbsCAM product family supports the full range of metal cutting machine tools, from basic milling and turning centers to rotary tables, to 3- and 5-axis simultaneous milling machines, complex multi-task machining machine tools to Wire-EDM devices through the seamless addition of modules. GibbsCAM´s signature ease-of-use, programming efficiency, speed and short training time makes GibbsCAM the best tool for programming your parts. CimatronE is an integrated CAD/CAM solution for toolmakers and manufacturers of discrete parts, which provides full associativity across the manufacturing process from quoting, through design and up to delivery. Products include: Mold Design, Electrode Design, Die Design, 2.5 to 5-Axis NC Programming and 5-Axis Discrete part production. Quarterly reportsConference Calls http://www.cimatron.com/Group/download.aspx?FolderID=3047&lang=en Management Team
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