سبحان الله ماني قادر أشوف الموضوع الرئيس
أستاذ نواف كل عام وأنت بخير ، ملاحظاتك في محلها بالنسبة للسعر سبب عدم إرتفاعه بيع بعض الأسهم الممتازة
الإجتماع الدوري والذي تعلق فيه الإدارة على نتائج الشركة ومستقبلها كان أكثر من رائع وأفضل من نتائج ذاتها.
للأسف لم أتمكن من الإستماع بوضوح للنقاش الذي دار في الإجتماع رغم أنني حاولت في أوقات مختلفة أخرها الان أغلب المعلومات التالية إما تكون من تقرير الأرباح أو من المسج بورد ، لذا وجب التنويه ، مع محاولتي لتحري الدقة
ملاحظات على النتائج والإجتماع بدون ترتيب :
1- زيادة عدد العملاء إلى 1566 وذلك بإضافة 79 عميل جديد من ضمنهم America; Checkfree, Inc.; Circuit City Stores; Crate & Barrel; Hitachi Software; Integrated Network Technologies; King & Spalding, LLC; Polaris Companies; Rackspace; Red Envelope; and Sotheby's
2- نمو الدخل بنسبة 5.1% أقل من المتوقع
3- لم يشمل دخل الشركة إنضمام شركتي netVmg and Sockeye وهذا يؤكد أن نتائج الربع القادم سوف تكون أفضل بكثير
4- أفضل نتائج تحققها الشركة
5- إنخفضت مصاريف التشغيل وهذا جيد
6- أكدت الإدارة ماذكرته سابقاً أنه سوف يكون للشركة مستوى إيجابي من السيولة مع حلول نهاية العام
7- أصبحت الشركة تركز على الإدارات الحكومية وأكبر الف شركة
8- إنخفاض صافي الخسائر من 10 سنت العام الماضي إلى 5 سنتات
9- من أسباب عدم إرتفاع السهم خلال الأسابيع الماضية حيث يراوح مكانه هو تحويل ملايين الأسهم من فئة الممتازة إلى الفئة العادية وتم بيع تقريباً أكثر من ربعها.
10- إنخافض الأصول
11- شراكة لتقديم خدمات لمتحدثي الأسبانية مع شركة Telefonica
كتابة جميلة ومنطقية كتبها أحد كتاب المسج ، وهو يغني عن كتابتي :
1. INAP stands to benefit from VoIP, Online Gaming, Streaming and all other areas which are latency sensitive.
2. INAP now holds most patents related to QoS and route management.
3. INAP did acquistions using stock and the company being acquired PAID THEM TO BE ACQUIRED! (um, bullish, ok, lol)
4. INAP has SUPURB customer service and network management. ( I was a customer and we used them for VoIP at their 75 Broad Street location. Unbelievable support, just remarkable.)
5. They have restructured their debt favorably.
6. They are still trading on the NAZ and holding well above 1.00 consistently. (aside from the July slip)
7. They did not do the reverse split.
8. They have dumped low level cutomers (essentially kicked out the spammers) and have turned their focus upstream to the fortune 1000 and Gov. (and seem to be doing it well I might add)
9. They have re-negotiated all of their contracts for their interconnects favorably.
10. Top executives and insiders are executing options at 1.35 (which are not due until 2005 thru 2014). That is a very bullish sign. Not 10k blocks either, 250k + blocks.
11. They are making a move to get to the big board which means that they want to see 5.00 per share. In order for that to happen, they need to make sure they are pulled up both those who would stand to benefit. Um, institutions. (They acquire 1.50 or less and then pump the stock up to the big board where they can get to the retail investor.)
12. You are a strong sell and a fool, thus if you say sell, it's also a bullish indicator.
13. The technicals look fantastic.
14. 2004 is going to be a very bullish year with corporate spending on the rise and new jobs being created. (election year if you hadn't noticed).
15. VoIP and did I mention VoIP and of course you can not discount the impact of VoIP. Lastly, you have to factor VoIP. (See growth projections and where CSCO expects to get the bulk of its revenue)
16. I like the symbol INAP. It's easy to remember and it's spelled like it sounds. "Hey, have you looked at "i nap". "no, what about it." "check them out." "ok, what is the symbol?" "i nap, I N A P". "cool, just like it sounds." "yeah.".
17. They did not file bk when it was fashionable, thus they are shareholder friendly. A rarity these days.
18. They are well positioned in Miami to participate in the enormous growth in VoIP and Data in Latin America.
19. With the recent acquisitions they now stand to penetrate the enterprise outside of colocation, thus they expanded their market potential. Furthermore, many of the customers from the acquisition can be re-monitized by migrating them to INAPs colo if they currently use someone else.
20. With the recent acquisitions, they acquired 100 sales people who NOW HAVE YET ANOTHER PRODUCT TO OFFER. Time to open that lead list and start banging the phones.
These are a few of the reasons that I like INAP and a few reasons why you should too.
Personally, everyone likes INAP, even you bashers. You are just angry with yourself for day trading it.
Now is not the time to trade this stock. You don't know when the generals will show up and trying to predict it is a fools game. This is a time of accumulation and patience.
Welcome to one of the last undervalued companies with enormous growth potential.
5.00 is a near term price target once long term accumulation is behind us.
Enjoy the love longs !!!
Regards,
ClearlyTechnical.
Oh, did I mention how INAP stands to benefit from VoIP and Online Gaming and Streaming?
تلخيص أحد كتاب المسج للإجتماع
There were many good things said on this CC, which I think is the most confident CC I have heard from INternap since I started following the company almost 2 years ago.
First the bad news, revenue is up but barely over the prior quarter, so top line revenue remains pretty flat. This will have to change before the share price starts to really appreciate.
However, here are just some of the very good things said:
- Internap awarded its first federal contract with the State Department, though STG (a large reseller to the Federal Gov. See
http://www.stginc.com/about/)This is for bandwidth and web hosting in the Washington DC PNAP. Expect some PR on this in the next few weeks.
- Internap announces a major new partnership with Telefonica SA, the largest IP services provider to the Spanish Speaking world. This Strategic relationship will expand Internap's footprint globally. Expect PR in the next few weeks on this.
- The Netvmg and Sockeye acquisitions will contribute to 4th quarter revenues. Internap is being conservative because they are still in the "integration" stage so they are sticking with their original estimate of 5-7% revenue increase for the next quarter. That said, gross margins on IP equipment is much higher (roughly 70%) than IP services (roughly 45%). If the sockeye and NetVMG sales are doing as well as they say they are, these additions could have a significant effect on top line revenues going forward.
- Internap's financial viability is no longer in question, which is making the job much easier for Internap's sales team. As all longs already know, Internap has no real competitor. Anyone that needs real perforance and reliability over the Internet (especially for transactions) really has no choice but to go with Internap. "best efforts" connectivity will still go to the other big players.
- 25% of the preferred shares have been converted during the past quarter into common shares (This explains why we've had high volume but little stock appreciation.) This new supply has been pretty well soaked up by buyers, which is bullish.
- Finally, it is clear that Peters understands the importance of selling the Street on the Internap story, through PR and meetings with potential investors. There were lots of questions from professional money management firms on this CC that Peter's has been in touch with that I have not heard from on prior CC's. (One even said he owed Peter's a call back.) We have already seen a marked improvement in PR from Internap, and I expect lots more good news about customer wins etc. in the coming quarter.
Again, Internap has done very well operationally, although I think investors will have to hold for 6 months or longer before seeing any real appreciation as the existing preferred overhang gets worked through and as the company meets its goal of achieving FCF.
