X-Rite, Inc. (NASDAQ:XRIT)
A technology company that develops a range of color management systems and solutions. The Company's technologies assist manufacturers, retailers and distributors in achieving precise color appearance throughout their global supply chain.
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It has a virtual monopoly on color tools which are of increasing performance
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Charts say the trend Is up. Recently closed at a 10 month high,at $2.16. Next stop Is $3.00. Company should benefit greatly as the economy tries to heal. Earnings estimates could suprise to the upside... TS
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X-Rite Is a very unique company. They are a global leader In color science and technology. The company recently aquired Pantone,and they develop, manufacture ,market ,and support innovative color solutions through measurement systems,software,color standards ,and services. X-Rite serves a broad range of Industries, including printing,packaging,photography,graphic design,video,automotive,paints,plastics,textiles,dental,and medical. My charting Indicates the beginning of an uptrend,and I hope It will last awhile .... TS
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They acquired 2 companies in the last 2 years. Amazys and Pantone. I don't think they have the know how to integrate this companies. THey seem to be panicking. They have fired just about everyone from Amazys to cut costs. So all the knowledge and expertise that made Amazys worth acquiring is now lost. They are also 400 million in debt. Their stock is about a third what it was 2 years ago. The banks will start to get nervous or already are nervous and will want to call in their loan. Then a competitor will come in and pick them up on the cheap. Their Market cap is only 155mil when it should be over 400.
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X-RITE: definition- Correct in the past but not now.
(see P/E)
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EXP POS EARN
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Niche company in color management...growing by acquisition...Amazys acquisition worked out well...now looking to buy Pantone -- a market leader...the price they're paying seems a bit rich but I'll trust management knows what it's doing.
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market leader, expanding applications of core technology, disciplined mgmt team
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They borowed 195 million to buy Amazyz. They lost 28 million in their last quarter. They are making changes too quickly in order to cut costs and this will hurt them down the road.
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insider trading going on
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