Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Technically, BLTI must print and close above $16 to become interesting again. I think there is a good chance that will happen if they continue and grow their sales. In anticipation of such , buying in the $13 to $14 might be an interesting gambit with a target of $20 to $25. They have a number of competitors and the dental market is not one that adapts rapidly new technology. I would guess that over time they may capture 20% of the market (or about 35,000 systems), since that may take a good 10 years, I would guess that they can reach sales of $200 MM annually on the dental system (I am not taking international potential sales into account, most of these take much longer to materialize). So the growth prospects from their current sales rate of about $60 MM annually are pretty good. A $25/share, their market cap would be north of $500 MM, a little more than twice what I think their sales rate would be, not too exuberant. The major question, is of course, what will they do "next"....I can't answer that.

I have not found any egregious compensation shenanigans, a good sign, but they have few patent suits outstanding, I cannot determine what would be the future impact of such on their business. They seems to be on a nice growth path from here on and are worth watching. That is about what I can do in a short two hours look at this one. I'll start following them up in the near future. The best way to learn a company is to start and trade them, getting few bruises until one learns their unique pattern. If you have anything to add, please educate us.