Revisiting Starlims (LIMS)

Written by: Aaron Katsman | June 2, 2008

Aaron Katsman
IsraelNewsletter.com

Back in August ‘07, fellow IOI colleague Zack” I loved the group Asia” Miller posted about a newly IPO’d Israeli company called Starlims Technologies (LIMS). The company competes in the Laboratory Information Management Systems market with over 20 years experience marketing in this space. Their software “manages the collection, processing, storage, retrieval and analysis of information generated in laboratories.”

Almost prophetically, Miller nailed it. ” …They report on August 13th. I’d wait on the sidelines as the company gets its publicly-traded legs and gets used to reporting to the Street. As the smoke settles, this might be an interesting play for small-cap investors looking at some of the best of Israeli technologies.” How right he was. The company had a few rough quarters sending the stock tumbling by more than 50%.

With the earnings stumbles, our view was that the dust still had to settle. Today, Invest2Success has a real interesting piece on the company. Michael Michaud has the stock as his stock pick of the week. (Continue »)