Telecommunications Systems, Inc. develops and delivers secure wireless communication technology to both government and commercial customers with a bias toward the former. Wireless security should be a high growth sector despite a lack of hard factual data to present in this report. At a market value of $ 1.86 per share and estimated 2012 guidance around $ 0.35 per share, TSYS looks to be a buy.

The market has punished this stock due to declining profit margins despite an increasing revenue stream...

  Profit margins at -0.37 % for 2012 Q1 and 1.05 % for 2012 TTM

Balance sheet fundamentals could be a better...

  Debt vs. Equity of 0.87 and Cash Flows at 0.26 with the Current Ratio at 2

The stock trades below the $4.40 Book Value and the $2.99 Graham Ratio.

Insiders also own a fair percentage of shares.


Disclosure: I am long TSYS.

(Graphs are absent due to technical difficulties pasting into this application.)