StockIceMan's Weekly Stock Pick
Week of
March 14, 2005
| Stock: |
Bitstream, Inc.
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| Ticker Symbol: |
BITS - Nasdaq - Software and
Programming |
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| Buy: |
3.25 to 3.50 |
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| Sell: |
6.00 + |
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Info: |
Bitstream Inc. is a
software development company that enables
customers worldwide to render text, browse the
Web on wireless devices, select from a
collection of fonts online, create variable
documents dynamically and customize documents
over the Internet. Its core competencies include
fonts, font technology, browsing technology and
publishing technology. The Company is composed
of three separate and distinct businesses: Type,
MyFonts.com and Pageflex, Inc. The Type business
generates revenue primarily from the licensing
of font rendering software and fonts to the
embedded, set-top box, wireless device and
information appliance markets. MyFonts.com is a
wholly owned subsidiary that was formed to
aggregate fonts from multiple vendors on one
easy-to-use Website. Pageflex, Inc. is also a
wholly owned subsidiary that was formed to focus
on the Company's dynamic page composition
technologies. |
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| Financial Info: |
For the nine months ended
9/30/04, revenues rose 17% to $8.3M. Net loss
fell 33% to $655 thousand. |
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| Key Ratios: |
Current
Ratio: 2.66, Total Debt/Equity: 0.00, Trailing
P/E: N/A, Forward P/E: N/A, Price/Book:
6.46, Price/Sales: 2.49 |
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| Share Info: |
There are 8.61
million shares outstanding with 8.20
million shares in the trading
float. Institutions own
approximately 19.80% of the shares outstanding.
There have been 3 insider purchases totaling
17,000 shares and 4 insiders sales totaling
45,000 shares in the last six months.
Real-Time SEC
Filings
As of 2/8/2005, there were 9,000 shares short.
Net Institutional Selling: 318,000 shares: prior to latest
quarter. |
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| Articles: |
Bitstream Swings to
Fourth-Quarter Profit |
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