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Q309 CC      5-Nov-09 05:37 pm    
The single most important thing I got out of the CC was that use of the DOT driver info application is not at all mandatory.

Texas is going according to plan, but that plan includes a lot of up-front investment because Texas wants a) a total relaunch and b) a lot of new-from-NIC applications up quickly, so Q110 and Q210 will reflect a lot of investment in Texas.

NM DMV app is up and running

NJ is still not in position for a NIC "Win" announcement.

The Taxloss Carryforward has been used up. This will affect cash flow a bit, since NIC now has to pay out that cash to the IRS, but it will not affect reported results because NIC has been reporting results after allowing for the taxes they weren't paying.

I was interrupted during questions, so, after 6:30 pm EST I will dial 1-800-406-7325, enter code 4173076# and listen to the recorded CC.

IMHO NIC is seriously underpriced in terms of 2010 net times a P/E of 30. I expect to see $10-10.50 within 6 months.


Sentiment : Strong Buy
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gov_brigadi...

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  Subject Author Rating Time of Post (ET)  
 
Q309 CC
gov_brigadi... 5-Nov-09 05:37 pm  
 
Gov, I was disappointed with guidance with Texas c...
gundogowner (1 Rating) 6-Nov-09 01:17 pm  
 
I re-listened to the CC via telephone. When you li...
gov_brigadi... Rate it 6-Nov-09 01:24 pm  
 
I believe the share price lags (and has alway...
JustBucks (1 Rating) 6-Nov-09 01:49 pm  
 
Didn't mean to ignore the call, I was in...
jeffnickpr (1 Rating) 6-Nov-09 02:27 pm  
 
BTW, the bit about 100% of the DOT ...
gov_brigadi... Rate it 6-Nov-09 03:05 pm  
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NIC Inc. (EGOV)

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On Dec 18: 9.12 Up 0.17 (1.90%)
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