- Dyadic (DYAI; disclosure: long) trades for below its cash value and is buying back shares like crazy
- The company has two massive options: their C1 tech for healthcare, and a big lawsuit
- Position sizing has been a real struggle for me here; I'd love to hear your thoughts
Tuesday, January 31, 2017
Sunday, January 29, 2017
- This week, the blog’s focusing on companies trading below net cash value.
- Net cash investing sounds boring and safe, but I’ve generally found it to be highly volatile.
- Ophthotech (OPHT) trades below net cash; the question is what management is going to do with the money.
Friday, January 27, 2017
- Franklin Covey is undergoing a business model switch that makes their financials look worse than they are.
- Ignoring the model switch, Q1 still seemed awful and calls into question if the switch is going well or not.
- If Q1 was just a blip and AAP is as successful as advertised, investors could do well at today’s price as the business model switch drives significant growth.
Thursday, January 26, 2017
- Bob Evans is selling off their restaurant side
- The conference call was hilarious
- They're probably roughly fairly valued around today's prices
Tuesday, January 24, 2017
- Vonage (VG) is helmed by a fantastic CEO who has done a masterful job of capital allocation over the last three years
- The company has three segments with wildly different outlooks and financials, and that disparity plus the legacy overhand of people thinking of VG as a dying consumer phone company could mask the underlying value of the company
- My biggest issue with VG is valuing their Nexmo acquisition: it swings a huge piece of VG’s value, but can it really be worth twice as much as VG paid for it last summer?
Monday, January 23, 2017
- Tucows is buying Rightside’s eNom division for $84m
- The deal appears to be a win/win for both companies
- I may have only written this article to indulge my fascination with the one day stock chart and/or to quickly break my plans for the blog. You decide.
Sunday, January 22, 2017
- The whole Unified Communications space (UC) is undergoing a massive shift to an internet driven, SaaS-like model
- The decline in traditional premise based sales has masked the growth in Shoretel's UCaaS segment and likely left Shoretel trading at a discount to its SOTP.
- The potential cost synergies from Shoretel merging with a strategic acquirer (likely Mitel) would be significant and could be worth most of today's share price