Tuesday, May 12, 2009

Nice Systems is an Obama play

Nice Systems makes money. Its book value is about $16 a share while the company is trading for about $23. The P/E is 33 so you are getting about 3% on your money and providing a service that the US government is highlighting and mentioned in Nice's profile in Yahoo.

Nice provides "fraud prevention solutions, which pinpoint suspicious patterns and abnormal behavior within mountains of data to assist in the identification of financial crimes; and AML solutions that help institutions detect suspicious money transfer activities and money laundering related issues with new accounts"

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