News and Analysis
Late last year, Identiv brought in an entirely new senior management team to turn company around.
In Q4 2013 and Q1 2014, the company’s new management took steps to reorganize its business structure.
Identiv’s growth strategy is to partner with multiple large companies to unlock shareholder value. After listening to earnings call, I believe company will be acquired at some point in time.
Company Chief Executive Officer (CEO) Jason Hart believes the company to be worth $400M now, but has not realized this valuation because of missteps by prior management.
The “Internet of things” is forecast to become a $7 to $10 trillion market by 2020. Also know as “IoT,” these three letters excite those in the tech field.
The riskiest, yet most rewarding investments in the market are small cap companies with the potential to become much larger caps in time.
Microsoft, Apple and others started out as small cap companies and became true investments which took many years for those who were vested to realize the large gains.
We believe we have found at least one company we feel will be a long term winner because first and foremost it has new top notch management captaining the ship.
These days we hear about shareholder activism almost daily. It is next to impossible to watch CNBC and not hear discussions about some form of activism.
Watch Carl Icahn, Dan Loeb,
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On a much smaller scale and using his own private funds, David Callan has been no exception to that group.
He has been successful as an activist in his last four public campaigns to explore strategic alternatives including the sale of the companies.
For a refreshing change, Callan is on the other side of the table as an investor in a company he feels will yield large returns over time.
Identiv announces key partnerships with Verizon Enterprise and the “largest security distributor in the United States” to drive future growth,
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While most restructuring activities are complete and non core assets sold, there will continue to be noise in the operating expenses through 2014.
Secures $20 million credit facility with Opus Bank,
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Softness in Identiv’s highest margin segment masks growth of other business segments, including “Internet of Things” solutions, which grew 36% year over year.
Identive (INVE +2.7%) will move its corporate finance activities from Germany to its HQ in California “as part of its continuing efforts to simplify its business operations.”In conjunction, Brian Nelson has been appointed CFO to replace David Wear, who will remain with the company as VP of Special Projects.