NVT or Navteq as it is identified on every digital maps....is a "sleeper" of a stock.......which is NOT on radar of Fast Money/Mad Money/Slow Money/fast talking pundits.....
NVT supplies digital map to GOOG,YHOO,MSFT,GRMN & many many other companies who are racing with GPS/Navigational gadgets........in US & Europe.
NVT is a software company with digital map database as a principal business.
As the use of digital maps are expanding in cars ,cell phones and standalone system for use by joggers etc......there is a "boom in this gadgetry"
NVT systems are in use for "managing fleets in US & Europe"
NVT has entered the "busiest Q for gadget sales which they are direct beneficiary of licensing their OWN created digital map database"
Christmas Q is .....where the biggest push for this popular gadget sales will take off...with NVT getting a pretty penny for licensing digital maps......
NVT is the only independent company left after Tom Tom bought its money losing rival from europe.
There is widespread speculation that NVT is the hottest takeover candidate by its licensee.....if that happens .....expect a hefty premium to current price......as there is tremendous barrier to new & non-existent competitors......thus NONE exist currently.....
NVT current market cap is $6.47 billion........
The following are the breakdown of Sales & EPS numbers :
Sales Q3 $192.54 + 35% YOY
Sales Q4 $239.27 +32.4% YOY
Sequential increase $46.73 million
Q/Q increase 24.2%
EPS Q3 29 Cents
EPS Q4 51 cents
sequential increase 22 Cents
Q/Q increase 75.8%
These are very strong numbers...and I expect NVT to beat these numbers.....as their margins seems to be expanding ...as evident from the above worksheet......
The TOS is only 98.17 million...which is considered low float..mostly held by institutions....insiders owns 2.75%...
NVT 52 wk high is $68.95......currently @ $65.93.....
www.stockcharts.com has a target of $86....
www.stockconsultant.com predicting a breakout and trading target of $72.62....
I do concur with the above targets in different time frames & scenario......
Please do your own due diligence...as I do own NVT for my portfolio.
BLOG does not give buy or sell.
Next post around 11 AM monday.
Saleem
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