Mitek Systems Inc. (NASDAQ:MITK)

CAPS Rating: 2 out of 5


Player Avatar BuffettJunior1 (97.58) Submitted: 10/16/2011 7:37:18 PM : Underperform Start Price: $11.83 MITK Score: +145.44

The only way this company is making money is by fooling investors to buy its stock. I just don't understand how people fall for these bad investments. The company's stock based compensation alone is almost higher than its revenue. This is a huge red flag! Also, the recent run up in the stock price is very dangerous. This is because once the stock options start getting exercised it will cause massive dilution. Once this stock crashes, which it surely will, it will crash hard. That I can guarantee!Anybody who buys a stock like this needs to do one thing and one thing only, take some basic accounting and finance classes. That's the best advice you will ever get.

Report this Post 3 Replies
Member Avatar tcp1130 (< 20) Submitted: 10/30/2011 12:42:58 PM
Recs: 0

You obviously have never invested in transformational technology

Member Avatar BuffettJunior1 (97.58) Submitted: 11/1/2011 11:04:37 AM
Recs: 1

You obviously don't know how to read financial statements. It's cash that matters not what the company does.

Member Avatar BuffettJunior1 (97.58) Submitted: 5/3/2012 5:53:45 PM
Recs: 2

Boy am I glad I never invested in "transformational technology." LOL this company is total joke!

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