3SOF

David, though I wanted to say wow on your big gains, I had now much bigger wow on reading your post about the man and the failure. Sometimes I think your humbleness is more valuable then your investment skills. Keep shining in life and market.

Can not agree more. David is really good! !

Quote from: stocky on October 19, 2007, 01:09:10 AM
David, though I wanted to say wow on your big gains, I had now much bigger wow on reading your post about the man and the failure. Sometimes I think your humbleness is more valuable then your investment skills. Keep shining in life and market.

Quote from: berloga on October 18, 2007, 08:33:44 PM
Unlike you, tokyopua, I usually experience wild mood swings. I feel euphoria when things are splendid and begin to spill negative energy when things turn sour. By patiently studying and using David's techniques, I feel a lot better about many other things in life now. Since here we deal with the polygamy of human psychology, so to speak, the experience can apply to other aspects in life. For instance, I learn to be more resolute and take action when necessary, without procrastination. Fight the devil of uncertainty inside my left lobe when the right lobe dictates "go".

Last week could completely relax while traveling in Bavaria with the family and not worry about what the stocks are doing. Just told myself, "they are all sound investments, carefully chosen and monitored by David, so take it easy." It worked.

Our current dream (mine and my wife's - and we always have one in store  ) is to move to Munchen, Germany from Massachusetts. When I tell her our $$$ savings go down, while Euro keeps going up, she looks at me as if I were dumb and says, "we'll make a lot of money and move to Germany." She says it as if it is obvious and can't go any other way. I enjoy the feeling of believing her. If she is so sure, why can't I be? Hedonism, ha? - sounds good! 

Hi Berloga,

I have to agree with you that David's new approach has increased my quality of life, I spend far less time glued to my stock screen.  This is great since I moved to Los Angeles last month (from Boston, BTW) and cant get up in time for the open (more like "dont want to get up" actually, I mean its PHYSICALLY possible for me to get up in time for it lol).  This long term approach makes more sense each day, as long as the bull market continues.

Hope you figure things out with Germany, I have been to Munich and had some GREAT memories in the Haufbrau House!!!

Go GSB by the way, gotta keep kind of on subject here lol!

QuoteOur current dream (mine and my wife's - and we always have one in store ) is to move to Munchen, Germany from Massachusetts. When I tell her our $$$ savings go down, while Euro keeps going up, she looks at me as if I were dumb and says, "we'll make a lot of money and move to Germany." She says it as if it is obvious and can't go any other way. I enjoy the feeling of believing her. If she is so sure, why can't I be? Hedonism, ha? - sounds good!

Hehe, women are mostly more confident and optimistic than men. I wonder why would someone want to move to Germany, it is such a cold country ... but of course you have your reasons.

Me and my wife used to have that type of dreams too ... "move to Brazil", "buy that huge house", "buy 4 great cars", "never work again and just enjoy life" ... she still has this type of talk, but much less though. I must say that I've learned not to think in these terms. I'm happy with what I have and with what I am now. I drive a cheap car and ... I don't feel the need to buy a new one. This is in sharp contrast with the past, when I constantly thought about things.

Several books and experienced men helped me, for example, The Power of Now, from Eckart Tolle, and Intuition - Seeing beyond logic from Osho.

It has been a prolonged process but I can honestly say that I've never been so happy in my life.

Anyway, going back to the subject of this thread, GSB. I guess it is multiple expansion driving it higher, because there wasn't any news out to justify the rise. The company's main problem, several times pointed out by the CEO, was the lack of visibility. First because it was an OTCBB traded small cap, then because it had a sharp sell off right after entering the AMEX (for no particular reason, just because it was illiquid).

Now, with the stock closing at a new all time high with volume above average and a 15.8% rise, I'm sure it will show up on everybody's radar. And they'll like what they'll see, an undervalued, fast growing innovator in the software industry.

Even without any meaningful fundamental improvement, GSB could move towards $18, just due to multiple expansion. But we can always get positive news, either another huge government order, or business coming from Synteras, as we've seen.

Below $16 I won't even consider taking profits. I'll continue holding GSB for the long term.

David I have only one word to say about your work (( Excellent Work)) 

keep it up

Quote from: Garoh on October 19, 2007, 08:28:09 AM
David I have only word word to say about your work (( Excellent Work)) 

keep it up

Thanks for your kind words Garoh

My valuation model says GSB is worth $16.81 a share today, so I won't consider taking profits at current levels.

Anyway, I wish I can hold GSB beyond that. It all depends on the incoming fundamental information.

I'll continue holding GSB for the long term.

 
great news imho
cheers
Oliver
1)

Friday, October 19, 2007
Tech firm expanding office space, eying more acquisitions
San Antonio Business Journal - by Catherine Dominguez
San Antonio-based GlobalSCAPE is continuing to prepare for several more acquisitions in 2008 and is moving to a larger office space to accommodate that upcoming growth.
The company is planning a January move to a new location at 4500 Lockhill Selma, just inside Loop 1604 on the city's far North Side. The new space will span close to 25,000 square feet, almost double what the company is currently occupying at 6000 Northwest Parkway on the Northwest Side.
"We are finishing up a 10 year lease at our current location," says Randy Poole, president and CEO of GlobalSCAPE. "They didn't have the space available to let us grow, so we are making a move."
Although Poole decline to release details, he says his company is looking at two possible acquisitions in 2008.

2)
GSB: Soleil Starts @ Buy; Sets Tgt @ $12; Analyst Notes
Friday , October 19, 2007 08:05ET
Issuer: GlobalSCAPE, Inc (AMEX: GSB)
Analyst Firm:  Soleil Securities Corporation
Ratings Action: INITIATE
Current Rating: Buy
Target Price Action: INITIATE
Target Price: $12.00
Analyst Comments: The firm believes the company has the opportunity to grow revenues around 35%-40% annually and is an attractive acquisition candidate for suitors who address the corporate networking infrastructure marketplace.  

link:
http://www.bizjournals.com/sanantonio/stories/2007/10/22/story7.html?ana=from_rss

this chart is awesome:

Thanks for bringing these interesting news La-Onda

Tech firm expanding office space, eying more acquisitions

The move to a larger office is a natural one to accommodate more people as the company grows.

I hope the two planned acquisitions for 2008 are accretive to earnings and not dilutive.

10/19/2007 (08:05 ET)  GSB: Soleil Starts @ Buy; Sets Tgt @ $12; Analyst Notes - Knobias

Knobias is a great website, thanks again for this link la-onda. Now, 35-40% revenue CAGR is conservative, I'm expecting 60% revenue CAGR not counting with more potential big government orders, not counting with any business coming from the Synteras partnership and not counting with possible future acquisitions.

I have 75% revenue CAGR in my valuation model because I consider that these three "surprise segments" will add at least 15 percentage points to revenue CAGR over the next 3 years.

I believe GSB will be above $12 twelve months from now.

I'll keep holding GSB for the long term.

please be informed about the October roadshow slides.....
part 1

please be informed about the October roadshow slides.....
part 2 incl. chart
best regards
Oliver

Thanks for these slides la-onda (applaud)

I especially love the first slide ... but there's nothing new or that we didn't knew already in this presentation. Anyway, it will bring GSB what GSB lacks, visibility.

I'll continue holding GSB for the long term, selling below $16 isn't a possibility in my mind.

I believe the enterprise of the future will have people working in a more disperse way, and many of them working from home and they will all need to be connected in an effective way.

Also, this Continuous Data Protection product is a real need of the present and it can only keep growing:



I almost hope GSB doesn't go up too fast and keeps giving me time to raise my fundamental estimates, because I would really love to own this stock for several years.

As it is now, selling below $16 isn't a possibility.

Let's consider other companies (larger), in the same space as GSB.

For example, RVBD, market cap is $2.39 B, 2007 sales of $231 M, so Price to Sales Ratio is 10.3.

Another, even bigger, example, VMW. Market cap is $46.3 B , 2007 sales are estimated to be $1.28 B, so the sales multiple is 36

And our little GSB, $122 M market cap with 2007 revenue of $20 M. Sales multiple is about 6.

And GSB isn't growing less or has lower profit margins than the other two, no. It is just much smaller and cheaper.

I'll continue holding GSB for the long term.

Excerpt from an IBD article last Friday:

-------------------
Randy Poole, president and chief executive of GlobalSCAPE (AMEX:GSB - News), a software firm in San Antonio, Texas:

"After the company had four years of flat sales at $5 million, the owners hired me in 2003 as a consultant to grow revenue. I concluded there was a market for creating a server to sell to businesses, and I said the company could go from $5 million to $50 million in six years.

"By January 2004, the owners made me CEO to implement that goal. They said, 'Let's take a shot at it.'

"I kept telling our people, 'We're our own worst enemy. We need to believe we can do things differently.' Some didn't buy that. On my first day as CEO, I released nine employees and reduced our expenses and run rate to get this plan off the ground.

"Nearly four full years into the plan, we're right on target. We project $20 million for 2007."
----------------------------



The guy fired 9 people on his first day as CEO.  Thats Draconian for a small company like theirs, but he clearly means business! 

Here's a Fool article from today touting GSB:

http://www.fool.com/investing/general/2007/10/30/wall-streets-buy-list.aspx