International Lottery & Totalizator Systems (fka ITSI)

[Rawnoc]

ITSI is debt-free, cash rich with a history of making money hand over fist which I believe will be forthcoming again in future earnings reports. I expect a huge move up from this price. Here's why:

(1) Backlog is huge vs. their revenue. Historically large backlog has quickly translated to large sales and net income, fundamentally justifying a much larger market cap than current as of the date of me writing this.

(2) Historical earnings before this backlog already justify a stock price at least double than current IMO.

(3) With the issue of voter fraud and moderization increasing in the media, the "cool factor" of the story comes into play IMO.

(4) Any additional business generated, which I believe will continue to come, will be fundamental icing on an already very undervalued cake based on current earnings and backlog. The next election cycle is around a year and a half away so now seems like a good time for jurisdictions to consider using ITSI.

(5) ITSI won another $1 million contract that isn't included in the reported backlog:
http://www.stltoday.com/suburban-journals/stcharles/news/st-charles-county-council-approves-new-voting-machines/article_b2e4eb62-36d2-57c2-9fa6-1802f777d0f1.html