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SMT - Smart Technologies - The Yang to my Yin?

07/21/2010 12:41 PM by Hesperian

This IPO may be worth keeping an eye on. Unlike the last IPO I posted about, TSLA, this technology company is already a market leader in its niche market of interactive educational display devices for the education sector. Unlike the education plays I'm bearish on (for-profit "colleges" like STRA), SMT will make money whether the higher education bubble pops or not -it is not restricted to profiting from just higher education, and de facto government monopolization of higher ed could actually benefit SMT in the long run due to the nature of government spending.

I happen to be familiar with this company's products - and they do make truly impressive tools. Their interactive whiteboard is like an early prototype of the screens in Minority Report.

Readers should note that I have not researched SMT's financial situation, and it is an IPO, so I cannot give a buy recommendation at this point. Moreover if the overall market rolls over soon (as I think is quite likely), then SMT will undoubtedly be hit, so I am not really looking to be long much of anything right now. But SMT is a true market leader with a great product, so it is worth keeping on one's radar in case the market presents favorable conditions for buying. I expect it will be an acquisition candidate at some point by Google, Microsoft, or an ambitious PC maker.

Rating:
5

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  • 07/21/2010 02:03 PM by Dave Pinsen

    Will have to keep an eye on this one.

    Rating:
    4
  • 12/28/2010 04:37 PM by Dave Pinsen

    This stock came up on one of my bearish technical screens, but when I pulled it up here, I came across Hesperian's bullish take on it. Given his track record, I don't think I'll short this one.

    Rating:
    3
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