NIC, Inc. (NASDAQ:EGOV)
The Company is a provider of eGovernment services that helps governments use the Internet to reduce costs and provide a higher level of service to businesses and citizens.
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As the country moves towards the internet the government needs to keep pace. This company provides a much needed and valuable service that can only grow and expand bringing high profitability to those wise enough to jump on the bandwagon now.
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This stock seems to do great then drop, then rise again. I expect its value to increase over the next months.
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eServices is growing each day as the government tries to provide faster, better and less costly services to the public.
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great for creating websites for the govt.
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Software As a Service isn't going anywhere. The technology is getting better and better, especially as bandwidth for companies and home owners gets cheaper and cheaper. Any company that effectively harnesses Web 2.0 will succeed.
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Creates websites and web services for the government.
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Price above all moving average lines.
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This company has a niche in a market with high demand, ie the government. It has 140 million in assets and no long term debt. It provides outsourcing for government websites, databases, etc and already has contracts with 20 states and several local governments.
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Though a little expensive (p/e), i see a huge and growing market for NIC's services.
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HERD I OBVIOUSLY AM MISSING THE STORY HERE
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Information service provider to and for the government with a 15% dividend this year alone...can't be too bad of a holding..or could it?
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A trading range play. License renewal for state government. Range of 5-7 over a given period.
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My cost basis in real life is $7.77 on one lot and $4.99 on the second lot. Overall my cost basis is $6.10.
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