Breaking News: HITC Crushed like a Cockroach
In the famed words of Shark Tank’s Kevin O’Leary; HITC, “Your competition is going to crush you like the cockroach you are.”
From yesterday’s Business Wire;
“MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE: BBY), a leading technology products and services provider, today announced that it has signed a definitive agreement to acquire GreatCall, Inc. for $800 million in cash.”
Therefore, in my opinion, it doesn’t matter that;
New HITC CEO “Scam Man” Boruff leaves a trail of destruction everywhere he goes. (google; Scott Boruff and/or check my other postings for more details and direct research links.)
New HITC CEO Boruff has a track record of horrible real estate ventures. (Details in a recent HITC post of mine as well as direct research links.)
HITC CEO Boruff apparently doesn’t care to pay many of his bills no matter how big or small. (Details in a recent HITC post of mine.)
HITC CEO Boruff is in denial. (Details in a recent HITC post of mine as well as direct research links.)
HITC CEO Boruff now has little to no governance and a track record of enriching himself with no regard for the shareholders. (google; Concerned Miller Shareholders and/or check my other HITC posts for details and direct research links.)
HITC CEO Boruff awarded himself a fat salary, a car allowance and stock options on top of the massive stock grab he has already perpetuated and did this based upon negligible company results under his leadership. (Details in a recent HITC post of mine as well as direct research links.)
HITC/Boruff is way past the last quarterly filing date. (HITC public company filings.)
HITC’s core product, in my opinion, is in direct violation of its competitors patents. (Details in a recent HITC post of mine as well as direct research links.)
With Best Buy (Who, by the way, has a 350% appreciation of stock value since its existing CEO came on board.) now on the scene, providing a thriving brick and mortar retail presence (one of the few), a top ranked online presence, unlimited capital, a huge national advertising budget, and the critical installation capabilities of the Geek Squad, which has been a laser focus of Best Buy and has grown significantly over the last few years, combined with the experience and success of Healthsense/Greatcall who has a robust patent portfolio, a proven track record of success with its sensor based system in elderly care facilities and in elderlies homes, had $300M in revenues last year and is a recognized leader in the healthcare field, quite frankly HITC is so overmatched in every facet of their tiny startup business, that today is in its infancy, that I cannot remotely imagine any scenario that doesn’t scream complete failure at HITC.
In my opinion there won’t be any David and Goliath here, not a chance. Heck, Best Buy is already advertising their sensor based home system for elderly tracking, awareness, proactive monitoring, safety monitoring and more. If you want it they can send Geek Squad right out to install it. Healthsense, in turn, already has tens of thousands of assisted living rooms up and running with advanced sensor monitoring that keeps the staff aware of all sorts of aspects of its residents, running the gamut from activity tracking, proactive health awareness, staff alerting, etc. all while providing a continual monthly revenue stream. They have also published numerous studies (HITC cannot even publish/file a quarterly report) compiled by independent experts based upon data collected at its installations over years. They can prove their sensor based systems get results, all by saving elderly care facilities money as well as enhancing the revenue opportunities from their system. In a data driven world they are light years ahead of HITC and that lead greatly increases by the hour. Finally, Greatcall is the industry leader in elderly products designed to allow the elderly to remain active, mobile and independent. In my opinion, HITC and Boruff are so clearly overmatched that I can confidently say;
I wouldn’t invest my worst enemies money in HITC.
Boruff it’s GAME OVER!!!!
Elvis has left the building.
Taps are playing.
The clock says zero.
There is no leg left to stand on.
It’s the straw that broke the camels back.
That dog won’t hunt.
It’s the final nail in the coffin.
The fat lady has sung.
As always, I encourage you to read my posts and form your own opinions. (simply click on Verado to see them all) In my posts you will find my assessments and opinions that were based upon my research. As much as possible I strived to provide research links to allow you to do your own research and again, form your own opinions.
I formed my opinion of HITC CEO Boruff early on and soon after discovered that HITC’s core new product “IndeLiving” was in my opinion in direct violation of patents owned by Healthsense/Greatcall and now by the retail giant Best Buy. I was so appalled by the comprehensive picture that was revealed about Scott M. Boruff, in his past role as a CEO, in his business ventures, his real estate ventures, in his apparent unwillingness to pay many of the bills he owes, and in his approach and practices at TCKF/HITC, that I felt compelled to provide my research and assessments/opinions here so that perhaps I could help prevent any other people from falling prey to this dog (with fleas) of a company and its leader Boruff, who in my opinion, is the consummate hack.
My posts were targeted at revealing the essence of Boruff and the abysmal business prospects of HITC. In all of my extensive research I could never find one positive thing about Boruff, not one redeeming quality, nothing good; zero. In turn I found an amazing amount of online information on Boruff that was all in my opinion quite ugly. I can only hope anyone that considers an investment in HITC/Boruff will read my posts, follow my research and be better prepared to form their own opinions and act upon them in a more educated fashion. The answer for me is crystal clear;
HITC/Boruff “You are dead to me.”
HITC Stock Opinion: It is inevitable now, Best Buy/Greatcall/Healthsense will crush Boruff and HITC. This is not going to end well; it’s already essentially over. HARD SELL
Best of luck to all.
The above stated assessments/viewpoints/opinions put forth throughout my posts are based upon details available to anyone and were discovered through simple research and are for informational purposes only. They are simply my opinions, not advice. I encourage you to consult a professional financial advisor and do your own independent due diligence, research and analysis when evaluating company leadership or considering investing or divesting in public companies. Whenever possible, I attempt to do my best to provide links or references from my research to provide you with insight into the details that I formed my opinions from, and also so that you can more easily initiate your own research and perform your own due diligence which I strongly encourage you to do.