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StockIceMan's Weekly Stock Pick
Week of January 2, 2006


Stock: Lightbridge, Inc.
Ticker Symbol: LTBG - Nasdaq - Wireless Communications
Buy: 8.00 to 8.25
Sell: 12.00
Info: Lightbridge, Inc. engages in the development, marketing, and support of products and services for online businesses and communications providers worldwide. The company operates payment processing services, telecom decisioning services (TDS), intelligent network services (INS), and instant conferencing services businesses. Its payment processing services business consists of a set of Internet Protocol based payment processing gateway services, which enable online and other merchants to authorize, settle, manage risk, and manage credit card or electronic check transactions through various interfaces. The TDS business consists of Lightbridge’s customer qualification and acquisition, risk management, and authentication services. Its TDS solutions provide multiple, remote, and systems access for workflow management, along with centrally managed client-specified business policies, and links to client and third-party systems. The company’s INS business offers a license-based software product, which enables prepaid rating and charging for voice, messaging, and data, as well as postpaid charging functionality and calling card services for wireless telecommunications carriers. Its instant conferencing services allow users to create and join reservationless audio conferences instantly across multiple carrier and service provider networks. The company also provides consulting and maintenance services sold primarily in conjunction with the TDS and INS solutions. Lightbridge was founded in 1989. It was formerly known as Credit Technologies, Inc. and changed its name to Lightbridge, Inc. in 1994. The company is headquartered in Burlington, Massachusetts.
Financial Info: For the nine months ended 9/30/05, revenues decreased 6% to $81 million. Net income from continuing operations totaled $6.1 million, up from $309,000.
Key Ratios: Current Ratio: 3.68, Total Debt/Equity: 0.00, Trailing P/E: 33.03x, Forward P/E: 25.12x,  Price/Book: 1.41, Price/Sales: 1.71.
Share Info: There are 26.77 million shares outstanding with 26.60 million shares in the trading float. Institutions own approximately 57.90% of the shares outstanding. There have been 1 insider purchases totaling 15,000 shares and no insider sales in the last six months. Real-Time SEC Filings

As of 11/10/2005, there were 40,130 shares short.

Net Institutional Buying:  64,507 shares prior to latest quarter.
Articles: Lightbridge Reaffirms Guidance for Fourth Quarter 2005

 
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