(GuruFocus, July 27, 2009 ) Investment Guru Wallace Weitz has added to his position in Intelligent Systems Corporation (INS, Financial), making his fund the majority shareholder.
On July 22, Weitz added 157% to his original position in INS at the price of $0.8 per share. After the purchase, Weitz owns 2,263,998 shares, or 50.54% of all the shares outstanding.
Intelligent Systems Corporation's main focus is to help entrepreneurs build valuable companies by forming flexible partnership arrangements with early stage domestic companies. They bring value to these companies by providing practical business advice a proven incubator program early stage equity capital and a network of business and financial contacts. Intelligent Systems Corp has a market cap of $4.2 million; its shares were traded at around $0.9399 with and P/S ratio of 0.3. Intelligent Systems Corp had an annual average earning growth of 3% over the past 10 years.
Weitz has owned a large position in the incubator company since at least 10 years ago. In 1Q1999, he owned 559,000 shares and has over the years increased his position to 882,000 shares by 1Q09. The latest purchase on July 22 brought Weitz in majority position of the company.
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On July 22, Weitz added 157% to his original position in INS at the price of $0.8 per share. After the purchase, Weitz owns 2,263,998 shares, or 50.54% of all the shares outstanding.
Intelligent Systems Corporation's main focus is to help entrepreneurs build valuable companies by forming flexible partnership arrangements with early stage domestic companies. They bring value to these companies by providing practical business advice a proven incubator program early stage equity capital and a network of business and financial contacts. Intelligent Systems Corp has a market cap of $4.2 million; its shares were traded at around $0.9399 with and P/S ratio of 0.3. Intelligent Systems Corp had an annual average earning growth of 3% over the past 10 years.
Weitz has owned a large position in the incubator company since at least 10 years ago. In 1Q1999, he owned 559,000 shares and has over the years increased his position to 882,000 shares by 1Q09. The latest purchase on July 22 brought Weitz in majority position of the company.
GuruFocus provides Real Time Guru Picks and Insider Buys/Sells information for Premium Member. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
