Starting Position in ITI
Iteris is too cheap
Today I bought 2000 shares of ITI at $2.10. This company sells roadway sensors, automotive sensors, and transportation systems (think safety cams). While the rising price of Oil/Gas certain could impact the business and the heavy debt load.... They are growing year over year and should be able to service the debt. This trade is not for those with weak stomachs. I'll look to add more to this position should the stock decline further.