I believe CLSI will continue upward as it did today, but not a sky rocket or anything.
CLSI is NOT a fast growth stock.
CLSI is simply a good strong company which has been profitable for years and years. They are moving with care and deliberation. CLSI is expanding, moving into international markets, buttoning up municipalities, affording good research and development, along with now offering easy financing for clients.
CLSI is a trustworthy company with a management team display good common sense and a slow careful approach to company growth, which is why they have always been profitable with no need for dilutive share sales.
Told you before and will tell you again, CLSI is a good long term safe investment. CLSI will make a great college fund for your kids.
Keep buying, keep accumulating, you will not be sorry on this one.
I have over a quarter-million shares and am still buying on every dip to .19 or lower.
I will pull notes from their new ten-Q and provide them here for the keyboard challenged.
posted
Thanks for all the information! You certainly seem to have a good reputation on this board! I appreciate the work you do in explaining why you think a stock is a good buy.
Posts: 61 | From: Portland, OR | Registered: Feb 2005
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posted
I have not done anything, Bob! Well save for pump CLSI on your boards! Nah, I think most people know this is a very slow growth stock. I am sitting here digesting their financial numbers reported yesterday to develop a better feel for what I should share here.
You better say thank you cuz I gave you those five stars. I told Glassman I was going to vote myself zero stars, but I cannot find a way to vote myself down. Darn! I want to be unique!
posted
much, much better quarter than their last one, very nice. still reading it in full, but - this sentence struck me:
"In addition, for Clancy, outstanding ticket fines of approximately $400,000 and for UTS, outstanding ticket fines of approximately $253,703, have not been recognized as revenue at December 31, 2004 based on SEC accounting guidance."
i wonder if this helps explain their very surprising loss and sharp dip in revs last quarter - somewhat of an accounting issue?
Posts: 1698 | Registered: Mar 2004
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posted
glass, i see you got some stars back! i found it hilarious when i was "stripped" of all my stars after i dared to question some stocks like MSEP and MLON and raised the ire of pumpers. my new goal in life: negative stars.
Posts: 1698 | Registered: Mar 2004
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posted
No, no! I DO WANT my stars to be a zero rating, you know, all five grayed out! I am serious. I want to be different, I want a zero rating! All five stars there and grayed out!
Ok, ok, here is all you really need to know about CLSI stock, revisited. Many of you already know more about this stock than I, but there are some new people here, like me. As you, the reader, know I just joined this board a few days back.
I don't know much about investing but this seems a nice safe bet for times of trouble and war.
CLSI is involved in modern parking lot management, parking ticket collection and increasing revenue for cities, universities, libraries, any and all larger parking facilities.
They do depend a lot on city government contracts for revenue, secondary, university and college parking for revenue income.
It has been a little "rough" for CLSI because all American cities and county governments have been hit hard with poor economic times; it is hard to sell a "broke" city much of anything.
CLSI provides contract services "and/or" needed goods to control parking and collect revenues via centralized automated controls, "wifi" type devices, "pay by phone" and internet pay for parking type services. All of those services and other services they provide, like collecting fines for cities, is offered in such a way cities, schools and others, do not have a big capital outlay; low initial start-up costs.
The revenue generated by parking fee collections, more than pays for CLSI services. In total, even after paying CLSI, a city, for example, ends up with more revenue than they would managing parking facilities all on their own. CLSI generates MORE money for cities, colleges, libraries and such, than those entities can generated on their own.
To help cities afford CLSI services, the company recently arranged financing with a lender who will provide "point of sales" financing for a reasonable rate. What this means, is if a city chooses a plan which requires buying captial goods, like those small parking building things, or electronic meters, under asphalt sensors, whatever, CLSI can finance those costs for the city, who turns around and pays off the loan with revenue generated by parking fees and parking ticket fine collections.
That is a win-win for all involved!
CLSI just recently pulled in this new financing, and just recently developed more modern state of the art goods. This shows in their ten-Q from yesterday, February 22 date:
REVENUES. From...2003 to...2004 revenues increased by $90,646 or 11.8% from $765,983 to $856,629. The increase...due to the addition of new customers and products....
Clancy's Remit-online.com service has processed 32,319 transactions totaling $1,346,746 for the quarter ended December 31, 2004. Revenues are generated based on a per transaction fee less bank processing costs. The gross amount of cash flowing through Remit-online.com cannot be presented as revenue based on the SEC accounting guidance. The Company only presents its net profit from each transaction as revenue in the statements of operations.
COST OF SERVICES. From...2003 to...2004, cost of services decreased by $55,873 or 24.1% from $231,632 to $175,759
Cost of services as a percentage of service contract income was 35.1% for...2003... and 26.5% for...2004
END
You will note an interesting fact; the reporting method for their Remit branch. CLSI cannot report that million plus as revenue!
Other note is, after costs, CLSI increased their earnings by a good ten percent and reduced their costs by a similar amount. They double ended their earnings!
Alright, now look boys, you are NOT going to make big profits by lunch tomorrow. As I have stated many times in many places, CLSI is a LONG TERM investment. CLSI is NOT going to skyrocket. This is a stock which you buy A LOT of and set it aside to help fund your kid's college education.
CLSI is almost always at .02 and I expect ten years from now, it will always be at 2.00 per share. That is a ten-thousand percent growth over a decade. You cannot do that well even in the real estate market.
Does that help with perspective?
CLSI will around when are old and cannot remember how to invest in the markets. Your kids will be young, though, and looking for money to get ahead.
Do them a favor, buy a quarter-million shares or a half-million shares of CLSI, even a cool million shares of CLSI, for ten years from now, for twenty years from now. They will have a lot of moeny to spend on drugs, sex and rock n roll. How loving.
CLSI is a LONG TERM investment. You will NOT earn big profits but can expect eight to ten percent growth of your investment, per year. That is a darn good growth rate and CLSI is one of most safe stock investments you can make, for just pennies per share.
Worried about Social Security? Darn it, buy a bunch of CLSI to supplement your retirement account.
I'm telling you, CLSI is a safe LONG TERM bet which will reward you well a long time from now.
posted
The management team does good business but bad public relations. Liz Wolfson is very nice and tries to answer almost every question I pose, but that's it; no PR about the companies progress, no response about the Q4 loss just empty silence from the company. I still own a handful of shares and for now will sit on the sidelines to see how this new financing will be utilized. BTW this Q1 is much better; PG I just don't see this hitting $2 in 1 decade unless old Stan sells or blows in the wind.
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posted
this is one reason i continue to hold... this indicates intent to GROW
Clancy Receives Twelve-Million Dollar Point of Sale Commitment Tuesday January 11, 9:38 am ET
DENVER--(BUSINESS WIRE)--Jan. 11, 2005--Clancy Systems International, Inc. (OTCBB:CLSI - News; Clancy) announced today that it closed a twelve-million dollar "Point of Sale" financing commitment by Salem Capital Group. The proceeds, when required, will be used to expand Clancy's current customer base with new products and services while upgrading existing customers to "cutting edge" technology and integrated parking business solutions. The capital line will also enable Clancy to seriously analyze a variety of proposed mergers and acquisitions both in and outside it's core-parking industry.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Glassman, another reason to hold CLSI is a very simple one; you will not lose any money keeping CLSI on your books. CLSI is at bottom support.
Another press release,
Item 7.01. Regulation FD
On January 27, 2005 we issued a press release announcing that we signed a letter of intent to acquire Meter Tek LLC.
Magnetic, read a company's SEC filings rather than base too much on pr news. Within SEC filings you will find a wealth of information.
I like everything I read about CLSI.
My estimate of $2.00 per share in ten years is very conservative. I would expect share value to be significantly more. However, I do not want to falsely mislead people by making claims which are a bit too much on the wild side.
* thinks of IBZT pumpers *
No, no, don't want to fake out people, no, no. God, in Her infinite wisdom, will spank you for that, and Her spankings really hurt.
posted
Purl I do read the SEC filings and that is why I dumped a good portion of my shares after I read their 10K. I certainly didn't find the wealth of information in the filing as to why they lost money in Q4; the bigger disappointment was the silence from the company. Clancy is a good profitable small company and I hope that the longs that have held shares of this company finally make some money.
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posted
Magnetic, to make sure we are on the same page, you are referring to the Jan 2005 10Q filing, yes?
I find nothing in that filing which is of concern.
What I do find is a filing right at the end of the time period in which CLSI brought UST online by cash influx, consolidation, a new board along with new corporate officers.
I also find a reported revenue increase of just shy of two percent for Clancy but a revenue increase of just shy of thirteen percent for UST after consoldation efforts.
That report reflects black ink profit.
I am not sure I understand your "lost money" reference. Would you expand a bit on that?
posted
hmm, i admit that now you have me a little confused, Purl.
MagnoMan is referring to the quarterly results that came out with the 10K, or the 30-Sep-04 numbers. they show gross profit as only 35% of the previous Q's gross profit, and a $163k loss for the Q:
i admit that it caused me concern as well. but now, i am wondering if that is somewhat simply due to a change in the way they account for revenues, as i mentioned above with the quote from the 10Q released yesterday...?
Posts: 1698 | Registered: Mar 2004
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posted
i have to say something about reading those "yahoo" reports...
they don't show the whole picture at all....
unfortunately, so many people rely on them that they tend to have more influence on the CURRENT market.....
PJTG is another good example....BTW PJTG just had another filing that i didn't really like much, BUT i am reserving judgement on exactly how it will affect PPS..
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
blue thanks for elaborating for me; yes the 30-Sep-04 numbers are what I was referring to. Yes Purl the Jan 2005 10Q filing looks great. Perhaps "In addition, for Clancy, outstanding ticket fines of approximately $400,000 and for UTS, outstanding ticket fines of approximately $253,703, have not been recognized as revenue at December 31, 2004 based on SEC accounting guidance." this statement does account for the loss; I just don't know. All in All, CLSI is one hell of a profitable penny stock that I will continue to follow.
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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posted
Purl Gurl ，you misinterpreted 10Q. I suggest you look over 10Q then post here.
Clancy's operation is worse than before.
Go back to 10Q on December 31, 2003(for Clancy,current outstanding ticket fines of approximately $200,000 and for UTS, outstanding ticket fines of approximately $195,000, have not been recognized as revenue at December 31, 2003.; for Clancy, outstanding ticket fines of approximately $200,000 and for UTS, outstanding ticket fines of approximately $253,703, have not been recognized as revenue at June 30, 2004, based on SEC accounting guidance.) so actual only 200,000 occured in last quarter. if excluding correction fot UTS (110,000) last Q, real revenue occured in last Q should be 500,000. 850,000 is not true.
real revenue has decreased than even fourth Q 2004.
Remit-on-line.com Remit processes an average of $500,000 per month in transactions.10-Jan-2005 that means totaling $1,500,000 from July 2004 to September 2004.(Form 10KSB on 10-Jan-2005)
Clancy's Remit-online.com service has processed 32,319 transactions totaling $1,346,746 for the quarter ended December 31, 2004.
conclusion: transaction on remit online has decreased by $100,000 from fourth Q 2004 to first quater 2005.
take correction for UTS ($110,000) into account, fourth Q 2004 Clancy should have recorded a net loss of $270,000.
IN 2004 Clancy actually suffered loss of $7,000.
let's come back to first quater on 2005, excluding revenue around $440,000(which occured earliest on fourth quater 2003) . R eal revenue occured in first Q 2005 should be around $500,000. Clancy suffered loss of $ 300,000
Clancy's accountant just moved revenue from on last Q 2003 to 2005. a accounting plan!!!
[ February 25, 2005, 08:13: Message edited by: Bob Frey ]
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posted
you guys need to look at GPGI (Global Platinum and Gold) before they finish their factory and I retire.
Posts: 16 | Registered: Feb 2005
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posted
well, i admit i'm somewhat "in the middle" on this discussion.
like you Purl, i am a big supporter of CLSI and am keeping a close eye on them. at one point, i held 300k shares, which for a person of relatively modest means like me is a large position. i like their profitability and growth and agree with many of your points on them.
however, i think Magno and I weren't "out of line" to wonder a little what happened on the previous Q. revs and profit dipped quite sharply. also, i agree that they could do a better job keeping shareholderes informed of progress.
it's interesting that Magno and I both picked the exact same quote out of the latest Q, about the accounting methods. perhaps this explains the dropoff in the previous Q (30-sep-04).
glass, i do agree with you that the shortened yahoo clippings can be misleading at times. that's why i always read the entire Q's and K's directly from edgar online. in this case, i was only using it to quote the revs and income figures, which were identical on the yahoo listing as they were in the actual 10K.
i continue to like CLSI, in fact - i bought some today. i guess i'm just a little more guarded and conservative at this point about them. they should no doubt be interesting to follow over the next few years.
Posts: 1698 | Registered: Mar 2004
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posted
that yahoo "quote" from you surprised me blue..that's why i pointed it out..cuz you always seem to have solid DD...
as far as "tricks" go this is not a trick in my opinion....but obviously somone has an ax to grind here.... i wonder???
is this possibly???????
Clancy's Judgment Against Basher Upheld MONDAY, JULY 26, 2004 12:19 PM - BusinessWire
CLSI 0.02 n/a News
Enter Symbol:
Enter Keyword:
DENVER, Jul 26, 2004 (BUSINESS WIRE) -- Clancy Systems International, Inc. (CLSI) , a leading developer of parking enforcement solutions, was notified on Friday that it's judgment against a basher who had harassed the company for almost three years at various chat room sites, including Raging Bull, was upheld by the Massachusetts Supreme Court. The Company intends to pursue the judgment award.
In a case originally filed with the Superior Court of the Trial Court of the Commonwealth of Massachusetts in September of 2000, the Company sought the identities of John Does 1-10 and filed a claim for damages. This was done as a result of an ongoing barrage of false, defamatory and slanderous remarks about the Company, its officers, its employees and shareholders that were made on Raging Bull and other chat room sites. The persons who perpetrated these falsehoods did so by posting their remarks under alias identities. Once the true identities were disclosed, the individuals were notified to cease and desist their actions. One individual continued his activities which included profanities and death threats. As the postings by this individual did not cease, the Company pursued the case.
The Company was awarded a judgment against the defendant on October 31, 2001. The defendant then began a process of filing appeals through the Massachusetts Court System. The final appeal to the Massachusetts Supreme Court was filed in June 2004.
Throughout this lengthy process, the defendant never provided proof that he at any time owned shares of the Company. He never contacted the Company directly to verify information. It appears that this was a recreational activity. There were over 5,000 posts during the period, and on some days the posts were continual for 10 to 12 hours.
While the Company feels the verdict is just, Company officials expressed sadness that they were forced to take this matter to the courts in the first place. "It has been a terrible ordeal for the Company and its shareholders. We have spent a great deal of time on this matter and wasted valuable Company financial resources. While we understand that a forum like Raging Bull offers an opportunity for favorable and unfavorable comments about publicly held companies, this individual violated all terms of service and went beyond the acceptable rules for posting," stated L. Wolfson, a Company spokesperson.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by Purl Gurl: I have not done anything, Bob! Well save for pump CLSI on your boards! Nah, I think most people know this is a very slow growth stock. I am sitting here digesting their financial numbers reported yesterday to develop a better feel for what I should share here.
You better say thank you cuz I gave you those five stars. I told Glassman I was going to vote myself zero stars, but I cannot find a way to vote myself down. Darn! I want to be unique!
Everyone vote zero stars for me, please!
Like toe jam fungus, I'll be back.
Purl Gurl
I rated you: 1 star. Good Luck achieving 0 stars!
Posts: 151 | Registered: Dec 2004
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posted
i would agree that it's pretty ludicrous to question PG's intentions - have you not been around this board very long, <disappointed> one?
Posts: 1698 | Registered: Mar 2004
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posted
i suspect disappointed one is UBIQUITOUS....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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<disappointed shareholder>
unregistered
posted
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
(a) On February 22, 2005 the Board of Directors concluded that an account receivable was incorrectly included in the financial statements of its subsidiary, and therefore in the Company's consolidated financial statements, for the quarterly period ended June 30, 2004 and the fiscal year ended September 30, 2004, the financial statements of the Company for those periods should no longer be relied upon . The Company intends to correct the error by filing restated financial statements as promptly as possible.
The Company follows a revenue recognition policy that prohibits booking accounts receivable for unpaid parking tickets under the Company's contracts. even though the Company contractually owns the accounts receivable. The Company follows this revenue recognition policy on its 2 other outstanding contracts, but failed to realize that the account receivable for one contract (San Herman, Puerto Rico) was in fact being recorded incorrectly. The Company became aware of the error in connection with preparation of its 10-QSB for the period ended December 31, 2004. The Company has discussed the error with its independent accountants and is working with them to prepare and file the restated financial statements.
As a result of the restatements for the quarter ended June 30, 2004, accounts receivable will decrease by approximately $85,000, accounts payable will increase approximately $223,000, revenue will decrease by approximately $300,000, resulting in decrease of net income of approximately $180,000 for period ended June 30, 2004 after resulting changes in minority interest and income taxes.
As a result of the restatement for the year ended September 30, 2004, accounts receivable and revenues will decrease by approximately $130,000 and net income will decrease by approximately $80,000 after the resulting changes in minority interest and income taxes.
how can someone as astute yourself claim to have been misled into this stock?
if you didn't know then what you do know now? i can't imagine that you've really lost...money comes and goes, but knowledge and understanding is YOURS...at least we can't take it from you..
it seems obvious to me that this accounting situation is really not the issue here...it appears that you are looking to make trouble... we don't need more trouble.. we ALL got plenty...just watch the news for awhile...
we could always use some help tracking down the next good pick....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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<disappointed shareholde>
unregistered
posted
gap down monday? I am following clsi.ob for a quite while. glass man, have you ever studied all past 10Q ,10k? a wise man like you should give us a solid analysis to support yourself's perspective on Clancy. we are not talking accounting issue, we are talking about real revenue and profit!!! it's a joke that a so call value investor is not interested in 10Q.
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quote:Originally posted by <disappointed shareholde>: gap down monday? I am following clsi.ob for a quite while. glass man, have you ever studied all past 10Q ,10k? a wise man like you should give us a solid analysis to support yourself's perspective on Clancy. we are not talking accounting issue, we are talking about real revenue and profit!!! it's a joke that a so call value investor is not interested in 10Q.
you called me wiseman? LOL i'm a maniac.... i daytrade regularly... i TRY to give people ALERTS on hot stocks...i think this is clearly NOT a hot stock...however, i think it could show me 100% over then next year or so...which is pretty good....better than i expect to do on MSFT or NOK this year...
why should i GIVE you anything? esp a report on the last 5 years of this co? there's no free rides..period... i expect 2cent stocks to have problems..heck i expect GOOG to have problems...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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DENVER, Mar 17, 2005 (BUSINESS WIRE) -- Clancy Systems International, Inc. (CLSI), a leading developer of parking enforcement solutions, announces it has added several new contracts in the past few months. The following cities have been operational for several months with Clancy's parking citation issuance and management programs: Fort Myers, Florida (with Standard Parking), Louisville, Kentucky (with Lanier Parking), and Central Parking Houston, Texas, and Austin, Texas, operations. Clancy has also installed systems with two private parking contractors: Deseret Parking, Salt Lake City, Utah, and Arizona Parking Enforcement, Phoenix, Arizona.
The growth of the Company's core product, its parking management system, affirms the Company's dedication to the parking industry. The Company can offer its clients a complete ticket issuance, management and collections package under one comprehensive system. "We see a growing demand for our systems and our services as parking problems escalate for both the municipal and private sector. We see a trend for private operators to manage parking problems at off-street facilities such as residential communities, business parks and other campus environments. We can offer these private operators a complete package with permits, payment processing and database management," states Stanley Wolfson, Clancy's President.
posted
Very typical news from CLSI. I expect this type of news to come forth periodically, in keeping with their history of slow cautious expansion, and history of releasing news of this type.
Eventually CLSI will reach a point of value share price must rise. CLSI is undervalued and enjoys a long history of black ink.
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