Supercom Ltd Ordinary Shares (NASDAQ:SPCB) – SPCB provides electronic monitoring, identification, and security products and solutions to governments, and private and public organizations in Europe, the United States, and Israel.
We are now coding SPCB as a GeoBargain on the Radar as we perform more due diligence since we are fans of buying stocks that complete transformative acquisitions like we did with GeoBargains Gain Capital Holdings (NYSE:GCAP) and Gtt Communications (NYSE AMEX:GTT).
Are previous email alert on SPCB (which used to trade as SPCBF prior to reverse split) :
“On 7/1/13, when the stock was trading at $0.52, we told our premium subscribers that we would begin tracking SPCBF, an Israeli based company that describes itself as a leading global provider of traditional and digital identity solutions. Our curiosity was piqued by positive commentary from its fourth quarter 2012 press release. Well, we have become more intrigued with the SPCBF story due to an announcement by the company that it has signed a definitive agreement with On Track Innovations Ltd (NASDAQ:OTIV) to acquire OTI’s SmartID division. If consummated the company’s revenues would nearly triple to $30 million.”
Furthermore, the acquisition is expected to be highly accretive to SuperCom’s financial results. The transaction is valued at over $20 million, but the company has not disclosed how it intends to fund it. The stock is up 67% from our first mention.”
Please see our message board conversation with Joenatural regarding SPCB and the recent closing of an acquisition that is expected to double the size of the company and strengthen its pipeline of business. We are currently performing a valuation analysis on the company.
For more color on the story, please see a recent Seeking Alpha article titled, “SuperCom CEO: We Just Tripled Our Revenues And We’re Only Getting Started.”