Cogent, Inc. (COGT)

This met a high level screen to indicate a buy and strong outperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balnace sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc.
Testing capabilities of this 1st version of my automated, valuation spreadhseet matched with my personal criteria and see how it holds up.

screen % ab 52wklow

It's WAY oversold -- they're struggling a bit and still returning 15-20% of EV in free cash flow. Great numbers stock, has good cushion and a lot of room to the upside if they can turn it around.

value

Ultracontrarian downthumbed Cogent almost a year ago and is still stuck holding the red thumb. I'm not going to go back a year ago to Cogent, his comment that it was 30x P/E sounds about right as it's still only about 23. His other comment was neven shown any revenues. I do agree that Cogent has shown minimal growth. Currently, the revenue side looks positive to me. Barring any improvements in retina ID, rapid DNA processing, or other identification methods, Cogent appears to be at the top of the game on finger print biometric solutions to some key markets. The current political/instability/terrorist threat, etc along with more focus on our borders has improved Cogent's market potential. While GAAP net income is down about half from a year ago, some ordes were deferred to Q4 and additional orders from the Homeland Security, and a civil program in some states, added to some international contracts lead me to believe that Cogent's $9 share price has some upside potential if they do deliver over the next few quarters. Debt is zero. Cash on hand is over $3 per share. A stock buyback was announced and while these are typically minimal, does show some confidence by management. I don't think Cogent is terribly undervalued, but since it receives contracts from stable entities it appears to be to be worth a play as a potentially solid S&P outperformer at this entry price.

tech sector decently valued with high amounts of cash

High inside ownership and 5*. Let's try it.

Great Stock

Handles digital thumb printing which will become more important safety feature.

FINGERPRINT SOFTWARE MARGIN 58.7%
GRAPH 50D > 200D

expecting MACD crossover and STO divergence

Biometrics driven security is better than traditional security. COGT is a leader here and I expect good things out of them.

I like cogent because it offers unlimited data stream to commercial customers and acts like a heavyweight. I also like it because it is considered a partner of the CISCO clan, and I expect cisco hardware to succeed even in poor buisness environments.

It has a five star caps rating.

COGT 5 star pick. TMFCanuck says won't go down much further.

The demand for this kind of business is going to continue growing and with a high inside owership this company has the right focus for investors.

It is a Solid Company that I believe that is very undervalued and it has a lot of room to grow.

Seems to be doing well...

This stock was picked by TMFBogey for the 2008 Stockpicking Contest.

Expect positive Q report.