G'Afternoon RonnieD, in my travels
(which thankfully have ended for this week), no matter what exciting young company I am auditing, they want managed growth rather than explosive growth. I could tell you examples of two such buinesses this week where managable growth is part of their corporate mission.
Megadata defines managed growth. The exciting aspect of Megadata's operation is the quick acceptance of their products and services by the biggest players in the airport and airlines industry. Anyone looking at each PR over the last year can see the domino effect, where bigger and bigger airlines and airports are signing on to Passur.
Obviously you and I agree this trend will not stop. I think ours is a even broader view beyond that with regard to pps growth. The share structure is like I have never seen from a company with so much going for it.
I see other companies with market caps in the tens or hundreds of millions of dollars that have not generated any revenue and have no real verifiable operations, yet here this gem sits currently with a market cap of under $4 Million!!!
You nailed by by saying that market acceptance is needed, but my friend it will come. I've posted before that before long the news and fundementals of this company will be too much to ignore.
I'm based in three small market plays right now (including MDTA), all with great prospects. Even though the other two are very good plays, they don't have what MDTA has going for it across the board, especially an O/S just over 4 million shares.
I'm not going anywhere with this one for quite a while.
Have a good one buddy. Off to schedule for next week and then looking forward to relaxing this weekend.
Vitamin DD
