Fundtech Ltd. (FNDT)

MJKpayday (93.00) Submitted: 5/18/08 9:38 AM : Start Price: $12.34 FNDT Score: 20.66

Fundtech is a little Israeli financial services company going after the big (and small) mega banks. Not to overtake the, but to seep into the crevices of their many financial processing inner workings plug the security risks. Almost sounds like a conspiracy in the making, but I think it's a couple of entrepreneurs who have found some major short falls in major banks and they've got the right technology for the job. With a PE of nearly 30 and a tangible price to book ratio of just under 3 it's hardly that deep value company I strive to own, but it's small size and amazing potential for growth has peaked my interest.

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