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DRI Corporation

Symbol: TBUS
Analyst:  
Juan Noble
Taglich Rating:
   Speculative Buy
Price Target:   $2.05
Time Horizon:   12 Months
Rating Established:   April 14, 2008
   
Price When Established:   $2.17
Most Recent Report: June 5, 2009
    Price When Issued: $1.66

Most Recent Update

Updated Research Report (Dated June 5, 2009)

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Company Description
DRI Corporation (TBUS: NASDAQ), headquarted in Dallas, TX, was founded in 1983 as Digital Recorders, Inc. and became a public company through an initial public offering in 1994. DRI markets passenger information communication vehicle location, monitoring and security products to passenger bus and railway car manufacturers, and transport system operators. Roughly 70% to 75% of current sales consist of on-board programmable electronic vehicle information sign systems. The remainder consists of Intelligent Transportation Systems (ITS), mainly global positioning system (GPS)-based location, monitoring and video security monitoring systems that provide central monitoring facilities with real-time information that assists users and operators of transit bus and rail vehicles in locating, identifying, tracking, scheduling, and surveiling vehicles. ITS systems support transit system operators’ efforts to increase passenger throughput and loads, reduce fuel consumption, and identify and mitigate security risks on their vehicles.

Overseas expansion, mainly through several 2001 acquisitions, significantly increased the scale of DRI’s operations, giving the company, through its Mobitec subsidiaries, a direct presence in the Nordic countries, Germany, Australia and (South America) Brazil and the Middle East , from which sales are made to more than 500 overseas markets.
Taglich Research Reports
Updated Earnings Note (Dated May 19, 2009)
Updated Research Report (Dated April 27, 2009)
Updated Earnings Note (Dated April 1, 2009)
Updated Research Note (Dated January 14, 2009)
Updated Research Report (Dated December 1, 2008)
Updated Earnings Note (Dated November 17, 2008)
Updated Research Report (Dated September 3, 2008)
Updated Earnings Note (Dated August 18, 2008)
Updated Research Report (Dated June 4, 2008)
Updated Earnings Note (Dated May 19, 2008)
Initial Research Report (Dated April 14, 2008)

All Research Reports are in Adobe Acrobat format.
(for the latest Adobe Acrobat reader click here)

*The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statements are the opinion of Taglich Brothers, Inc. and are not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in the reports are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from the Director of Research. As of the date of this report, no officers or employees of Taglich Brothers, Inc. owned any of the company’s shares. All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned and was not a manager or co-manager of any offering for the company within the last three years. All research issued by Taglich Brothers, Inc. is based on public information. All research issued by Taglich Brothers, Inc. is based on public information. In February, 2008, the company paid a monetary fee of US$3,000, with another US$3,000 payable in April, 2008, for the creation and dissemination of research reports. Thereafter, the company will pay a monetary fee of US$1,750 monthly a one-year period commencing with the publication of an initial research report for the continued creation and dissemination of research reports. For further information and Taglich Brothers, Inc. ownership data please refer to each individual report.

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