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MMTC DD Write-Up

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thepennyhopefuls   Monday, 06/21/10 08:36:07 AM
Re: None
Post # of 7 
MMTC DD Write-Up

MMTC - Micro Identification Technologies, Inc.

The Company and their Forward Progress

MMTC provides high-tech equipment for identifying bacteria to huge name corporations (U.S. Department of Agriculture ARS, Japanese Ministry of Food Safety, University Putra Malaysia and local contract laboratories).

MIT's Chairman added, "The MIT 1000 is patented, independently tested and is a certified test method for food safety. More importantly, it can annually save thousands of lives and tens of millions in healthcare costs by the rapid identification of pathogenic bacteria and other microbes."
That’s correct…they have their own patented machine and system that is used by the U.S Department of Agriculture! On top of that they are in the process of “expanding” even further. That makes any price that is even under a dollar “undervalued”.

Micro Identification Technologies, Inc. is a big player in their market…which is a HUGE one! Food illnesses sicken one in four Americans and kill 5,000 each year, according to government statistics. With legislation, MMTC can not only help people (alongside the FDA) with their incredible technology, but can also bring in a big profit while doing so. Revenues for all rapid testing methods exceed $5 billion annually -- with food safety accounting for over $3 billion -- having expanded at a rate of 9.2 percent annually since 1998. Current growth projections are at 30 percent annually with test demands driven by major health, safety and homeland security issues. WOW.

On top of all that, they have recently started work with OSI Optoelectronics. Who have over 40 years of experience in the field of optoelectronics product development and manufacturing, and has established a global network of world-class manufacturing facilities to provide extensive engineering solutions and manufacturing capabilities and services for clients worldwide. www.osi-systems.com

What makes it a good trade

The fact that it is undervalued is reason enough, however there are some factors that play into being regarded as a short term win that is relatively stable(since the company is significantly grounded in its field.)

126.6 Million shares outstanding but only 50 million in float. That makes this a quick mover with the right kind of volume

The company has exposure. We’ve read this report: http://biomedreports.com/articles/most-popular/34445-right-place-right-time-for-this-new-food-safety-technology.html
Not to mention…they have had a ton of news since that release.

This stock readily makes 40% gains in leaps with under 70k in volume. A simple look at the chart to calculate percent increase can show this on several occasions. That means this stock certainly has the ability to run.
Extremely Minimal Chance of Dilution
Not only did the IR say there would be no dilution, MMTC has basically what is a line of credit with a fund (Dutchess), ?except the line of credit is in share form. Over the next 3 years when ?the company needs money they have up to 125million shares that they ?are able to issue to Dutchess. Why dilute to share holders when this is a possibility.

Technical Analysis

Barchart.com Gives MMTC a strong buy!
MMTC is trading above its 50 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
MMTC has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, MMTC is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action. These tighter bands could be indicative of a breakout. Consolidation like this and accumulation alongside it most always spells a rise above the tope Bollinger Band.
The RSI has remained stable at right in between overbought and oversold. That’s a great sign. Shows that the stock is healthy and isn’t like to fall or rise too drastically.

In closing…

Overall…I decided to spotlight this company because I feel as though they are an interesting company worth “investing” in. They have a great technology that is important in a very profitable market. The size of the market seems only to be expanding. They have hedge funds frequently purchase their shares. Those are the type of stocks worth investing in. They are good for Actual Gains. While they may be more gradual to come…they are real and a lot less risky. As always I love comments!

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