Mind CTI results for fiscal year 2012


Since I have a sustained and substantial(!) interest in Mind CTI Ltd., I have created a dynamic posting for the company, which I update from time to time. The new, dynamic posting supersedes this posting, so you can skip directly to it (here.) That being said, of course, you are welcome to read on.

Mind CTI Ltd. is an Israeli company that I follow with a lot of interest, — primarily because I think that MNDO, the company’s equity, yields a significant earnings opportunity for myself, but also because the trading patterns that were found around MNDO in relation to the annual dividend payouts by MIND CTI during the period from 2009 through 2012 (but, I hasten to say, may no longer be in effect) are intellectually interesting.

You can read more about the fundamentals of MIND CTI, the dividend, and the dividend associated trading in MNDO in a previous posting on this blog (here).

You can learn more about Mind CTI on the company’s excellent Wikipedia entry page (here — or via a localized PDF version of the same page here) and on its web site (here.)

The combined results for the fourth quarter of fiscal year 2012 and full fiscal year 2012 were released on March 6th, 2013.

As usual, the company recorded no debt, no material commitments for capital expenditures, limited financial income, strong operating income, strong working capital position, a very clean balance sheet with only one set of material contractual obligation (lease obligations,) and dominance of sales in the Americas. Revenues, operating income, and net income were up.

In the earnings release the company announced a dividend of $0.24 per share for a yield of 10%, or so.

You can find more details about the results in my evolving posting about Mind CTI (here.)