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December 30, 2005 Stock Pick: Infosonics Corporation (IFO)

Stock Price: $8.12

InfoSonics Corporation is a distributor of wireless handsets and accessories in the United States and Latin America. The company sells wireless telecommunication products and accessories to dealer agents and network operators.

Infosonics just extended its distribution agreement with Samsung Latin America through this time next year. The company also has a revolving credit line of $25 million with Wells Fargo to support operations. Revenue for the most recent quarter was $54.2 million, a 212% increase from the same period last year. Net income increased to $1.2 million, or $0.20 per diluted share. With this kind of growth IFO will not stay at an $86.58 million market cap for long. We only expect this company's growth to continue in the hot wireless industry.

IFO is in an impressive uptrend moving from the $3.00 level this summer to its current price. Theres a reason why this stock has went up so much and its not going to stop because IFO is still undervalued. Infosonics recently introduced the Ultra Slim VK2000 cell phone, the size of a business card.

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