HotOtc.com - Watch List for Thursday - OPSY
Watch List for Thursday 11-19-2009
My new big pick is OPSY.
Put OPSY on your watch list immediately. OPSY just hit a new 2 month high, but is still way below it's 6 month high so it may be headed back there. If it does test those levels again the gains would be close to 100%!!
Chart: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=opsy&sid=0&o_symb=opsy
The auto industry is still in trouble right now, many of the local dealerships in my area are empty parking lots.
Those that have survived will have to do whatever they can to maximize sales and do it efficiently. This is where OPSY comes in.
OPSY provides car dealerships with modern software to manage their whole operation. OPSY's software is already being used by many dealerships.
They already have over 30 dealerships using their software and with over 26,000 dealerships in the United States their market is huge.
OPSY announced tonight they signed a marketing agreement to target 1,700 East Coast Dealerships with it's flagship software.
Here is a direct quote from the company, "There are more than 1,700 dealerships in the Northeast, "said B.J. Grisaffi, Chairman and Chief Executive Officer of Optical Systems, Inc. "Save-a-Deal has the potential to generate more than $50 million in annual revenue if we are able to sign 50 percent of those dealerships. This agreement could be a game changer for our Company and our shareholders."
I don't see OPSY staying at these low levels for long!!
A car is one of the most important purchases we can make. Next to owning a home, a car is one of the biggest items we can possess.
In most cities across the country it is almost impossible to do things without a vehicle.
Most cars in this country are purchased at a dealership making car dealerships usually a very lucrative business.
However when the economy tumbled last year car dealerships found it very hard to attract new customers and make sales. Dealerships are facing many challenges these days since last year's economic meltdown.
OPSY is a company that I think could breathe new life into auto dealerships!
Make sure you do your own research and consult with your own financial professional. Start your research at: http://www.opticalsystemsinc.com
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