Potential 100% to 200% Gainer for Remainder of April/May
One of the biggest gainers for the rest of this month and next month could be Concurrent (CCUR), the company that is best positioned to prosper from the huge 2013 multi-screen video delivery technology spending boom in the pay-TV industry! CCUR looks ready to breakout big and explode, with only 8.72mm shares outstanding and a closing price yesterday of only $6.75 per share! CCUR has a huge cash position $24.6mm and no debt. CCUR's enterprise value is an extremely undervalued $34.26mm, which is only 0.52X its annualized revenue of $66.4mm. CCUR's video business has captured the #1 largest video-on-demand (VOD) market share, with a VOD reach of 50 million households worldwide, and it is currently receiving no value!
Ericsson (ERIC) just announced they are spending nearly $200 million to acquire from Microsoft (MSFT) their Mediaroom multi-screen video delivery software technology in order to increase their multi-screen reach by 11mm pay-TV households. This will grow ERIC's total multi-screen video reach to 16mm households for a 25% multi-screen market share. CCUR's MediaHawk multi-screen software is superior to Mediaroom and CCUR has already signed multi-screen contracts with the #1 largest cable TV companies in Germany, the UK, and Japan. These CCUR multi-screen clients have a total of 14.8 million subscribers, which will make CCUR #2 in this booming market behind only ERIC!
CCUR spent $15mm to acquire their Media Data Intelligence business, which tracks TV viewing behavior of 35mm pay-TV subscribers in real-time. CCUR also owns a separate "real-time" ultra high performance computer business with annualized revenue of $27.6mm. It powers simulation devices for 4 of the world's top 5 defense contractors and is probably worth well over $25mm.
CCUR's multi-screen video delivery business with $33.8mm in annualized revenue is shockingly not receiving any value at its current share price! CCUR is extremely undervalued and about to become the hottest play on Wall Street!