We could be wrong, and frequently are. Analysts are all the rage about this stock, thinking it will shortly go to $200/share, and well it might! But we have a bad feeling about this one. It is the "artificial intelligence" category at a time when any company with "A.I." in their makeup joins a crowd of stocks surging. A.I. is indeed a wonderful development with enormous potential. For sure, companies that get in on the ground floor of it have a chance to change the world. But this one did not strike us quite right. It's business consist largely of government contracts during the era of a very shakey U.S. Administration. These contracts appear to be largely military in an era when the Defense Department appears to be run by an idiot at the top. Should he be replaced for revealing government secrets threatening the lives of American flyers, one can be fairly certain he would be replaced by another "yes" man equally stupid and unqualified.
Attempting to put our personal prejudices aside, the first thing we noted about this corporation was its website. It appeared to us to be poorly-designed for its purpose, although full of flashy animated images. We don't like animated images because they make it hard for us to capture representative samples describing what the company actually does, its prospects, and the like. Rather, this flashy mess did not even feature the company trade mark very well, and gave us little or no information about its financial status.
In that regard, we found its accounting statements indicating the company was in poor shape by some standards, at least ours anyway, and its share price explosion is entirely based upon what we consider to be "pie in the sky."
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