We all know the iPhone is comming next month. many are looking for a way to play it without going long AAPL. My idea for a play on the phone is SNCR the company is involved in activation management technology and things of that nature. One of thier large clients is At&t. as we all know at&t has exclusive rights to the iPhone. At&t expects more then half of the iphones puchased will be new customers so not only will SNCR see huge increase in volume from exisitng customers activating the iPhone but they will get even more volume from the increase in new customers activating plans and the iPhone. SNCR makes $ off all of this. They should see a huge increase in transaction volume which should show a nice increase in revenue.
besides the iPhone aspect the company has grown at a compound annual growth rate of 67% from 2001 to 2006 with many parge clients. with the increase in online service activation for things such as cable TV, high speed internet and phone services the company has room to grow.
The stock is priced a bit expensive right now but the growth expectations should make up for that. It would be great to see a pullback for a better long entry.
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