Hemisphere GPS Inc is engaged in the design, manufacture and sale of global positioning system (GPS) products for guidance and machine control applications mostly used in agriculture, but also for use in marine and mining. A huge part of their business is providing farming vehicles such as tractors with driver assistance or “auto-pilot.” The GPS couples with auto-steering platforms to eliminate overlap. Ultimately the systems eliminate driver fatigue and reduce input costs. On December 20, 2007, HEM acquired all outstanding shares of Beeline Technologies Pty Ltd, which provide “drive by wire” technology and OEM tractor integration.
Below is a link to an absolutely amazing interview with Steven Koles, president and CEO of Hemisphere GPS. Check it out! This interview is very informative and gives you a chance to hear from the CEO directly. If you plan to buy this stock, you must check it out.
Interview with Hemisphere GPS's CEO. Its a few minutes in . . .
Check-out HEM on Google Finance
In short, HEM is a screaming buy.
As the CEO Steven Koles mentions in his interview, GPS/auto-steering is no longer a discretionary product for strip tilling but more and more an essential part of the agriculture business. It reduces input costs and ultimately pays for itself. Agriculture is under tremendous pressure to meet rising demands in an increasingly unpredictable climate. Technology in general helps to maximize yields so farmers can cash in on rising crop prices. In short, farmers have every incentive to invest in technology, so they can sell more of their precious commodities.
DISCLOSURE: I own shares in Hemisphere GPS. You might want some too! Do your own research. For example, watch the interview.
1 comments:
There's a HEM discussion group at www.stockhouse.com it's a private board, so you'll need to sign up. Goes under the symbol $CSY and it's called "karead's Hemisphere GPS"
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