Some new info on INKS from the latest Inger letter
WWW.ingerletter.com
his letter is the only one that seems to be following this stock--looking for good news
InkSure (INKS) is relatively light-volume; but holding shy of 3 (as is logical really, and pending more developments and maybe the Q4 report being out of the way). Sure it's sensitive to buying or selling efforts in-size, as is common for most such OTC stocks.
There have recently been product introductions by others with respect to entering the potentially huge and lucrative anti-counterfeiting and authentication field, as well as in the RFID area. While all hope to obtain a chunk of the market, we'd like to opine as in the past, that the sector (supply chain management is basically everything) is utterly huge, and no single firm is going to dominate it. Further, it will depend on product and price levels. For instance, nobody is going to buy a Texas Instruments chip to track a pair of socks, but they might use InkSure's half-cent per impression technology. If that suggests we think INKS is competing with TXN; not exactly is the answer. Vary a product and the needs, and you vary the allocation of expenditure (though not to say a small company couldn't take business that a more expensive product could justify; as everyone wants to keep costs down). Today Hitachi introduced a thin-film RFID, which is not 'chipless', as the film is the chip. But that too has a higher per-impression or per-gluing or affixing if you will, cost than does InkSure.
We're mostly focusing (for now) on the pharmaceutical or software (and/or ticketing) industries, where there is no justification for 'chips' on a bottle or box of pills, but there can be for ink imprints. Tomorrow we'll share some discussions and due diligence we have been gathering as regards companies that might be considered competitors; at the same time as we have asked those in the know why they either aren't competitive threats, or once again why there's room at the ball for the various dancers. Nothing is assured as some of these (like INKS) are small companies; but that's where leverage is relative to the big boys, so while speculative, that's why we made a pick in the area (at the same time we believe TXN has a role; we hope to reacquire shares cheaper.)
Essex Corporation (KEYW) consolidated nicely in the mid-to-upper teens; moved forward buoyed by an upgrade at one firm (those are sometimes temporary assists), and even more by announcement of completion of satisfactory (laboratory) testing of the radar Advanced Optical Processor (AOP as it's called). Now oscillating over 20, we'd like to see more 'digestion' of recent fairly spirited gains, but pullbacks are rare at the moment. One or two fairly volatile down days are hard to call for, given almost unpredictable volatility in both directions of this fascinating not-too-cheap company.
Ionatron (IOTN) is an increasingly developing 'disruptive player' in Directed Energy Weaponry, that has potential to really shake the very foundations of old-line defense industries, and skewer plans for certain bureaucratic types attached as if by umbilical cord to their old-line approaches to advanced defensive systems (more via audio). I'll focus on the New York Times (and Reuter's) story on the Defense Budget as relates to the couner-IED Task Force primarily by audio tonight.
The NYT story basically indicates an almost blank-check approach to resolving the IED problem. Reading between the lines, we see it as referring to primarily Ionatron products at this time; not exclusively, but primarily. That's because the story relates to not just a tripling of the expenditures this year, but the deployment of hundreds of troops and contractors (not vendors, but we presume hired ex-military or mechanics, such as ex-Seal team members, Rangers, Special Forces or what have you) to run or operate the equipment). As there are no other machines we're aware of that require a dedicated 'force' of personnel, we presume these are to operate and maintain JIN's. No assurance on this, just an interpretation. Further, General Votel, believed partial to the test phases of JIN, is the Deputy Director of the Task Force (he is the 'one-star' General referred to by the Times).
We certainly expect JIN and JIN integrated with at least some other technologies (or vehicles) to be deployed. We saw something over the weekend (a TV anti-IED piece) that appeared to have a chain dragging from a Humvee probe ahead of it, but doubt they'd have a JIN mounted to a simple Humvee (viewed it repeatedly on a DVR to try to ascertain what it was, but couldn't). However we suspect there are more variations of JIN than the early lumbering vehicle, or even the advanced mobile one. Consider capabilities even ranging to IEDs not necessarily restricted to those buried in-ground. We wouldn't know, but suspect the reason you haven't heard more is that it's crucial, as opposed to ancillary, to our current best-efforts against these horrific IED devices.
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