CSPI...cc notes rehashed (taken from CSPi's 8/7/2019 cc)...
- Re: The ARIA product line...
- "So the growth -- we're looking at significant growth over the next 12 to 24 months. If it all goes well, IT SHOULD DWARF WHAT WE HAVE EVER DONE IN THE LAST 20 YEARS."
- "We're hoping to -- we're hitting all of it, the MSSPs, the OEMs and then direct commercial accounts like banks and all types of financial institutions, hospitals. We can focus on -- it fits into every organization. So there would be a commercial play that we develop with some of our partners, like a government play, and then also selling to the OEMs and to the MSSPs. Which, like I said, that's a -- when you're talking with those, it takes longer, but you're talking millions and millions of dollars for a long period of time".
And what's interesting, is CSPi refers to themselves as a "start-up company" because of their new AIRA product line, even though they've been in business 35+ years... From the cc..."I've mentioned on the call before, it's a start-up company, that's public, that's small, that's starting to drive profits at the same time and pay a dividend all at the same time."
Anyway, CSPI continues to be a favorite long term hold for me. Been invested in the company for a little over 3 1/2 years. Originally bought in the mid $5.50's after reading a few hweb posts, and today the stock price closed @ $12.81. And I've collected quite a bit of dividend money along the way. Not too shabby. If the above cc comments are any indication of what lies ahead, I think we are going to see nice growth in the company and share price over the next couple years. And although I don't fully understand all the technology, I love the low outstanding share count, low float, good cash, and the fact that CSPi recently raised the dividend. And I'm hoping last weeks news from Seceon somehow links CSPi to India. We'll see what happens.