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Citigroup Inc. Message Board

  • jtdmnf533 jtdmnf533 Apr 16, 2013 5:27 AM Flag

    Potential Near-Term 200% Gainer

    Concurrent (CCUR) is a potential 200% gainer in the weeks ahead. Ericsson (ERIC) made huge news last week that they are paying Microsoft (MSFT) nearly $200 mil to acquire their Mediaroom multi-screen IPTV video software platform, increasing ERIC's multi-screen reach by 11 million households, up to a total of 16 million households for a 25% multi-screen video market share!

    CCUR's MediaHawk is an even better multi-screen video delivery product and CCUR recently signed major deals to deploy MediaHawk with the largest cable TV service providers in Germany, Japan, and the United Kingdom. These 3 clients have a total of 14.8 million subscribers and CCUR has already completed two of these deployments! These deals will soon give CCUR the second largest market share in the multi-screen space after ERIC!

    CCUR has 8.72 million s/o and is only $6.16 for a market cap of $53.72 mil, with $24.6 mil in cash and an enterprise value of only $29.12 mil, which is only 0.44X its annualized revenue and only 3.5X its cash flow from operations over the past 9 months! CCUR's video business has the #1 video on demand (VOD) market share with a global VOD reach of 50 million households!

    CCUR's video business is currently receiving zero value at $6.16! CCUR spent $15 million to acquire Everstream, their Media Data Intelligence (MDI) business, which tracks television viewing behavior of 35 million cable TV subscribers, a 35% share of the markets its MDI technology serves. CCUR owns a "real-time" ultra high performance business, which powers simulators that saves defense, aerospace, and automotive companies billions of dollars annually. CCUR's real-time business alone has annualized revenues of $27.6 million and is most likely worth over $25 million!

    Just CCUR's real-time and MDI businesses are probably worth $40 mil vs. CCUR's enterprise value of $29.12 mil! A valuation of $100 mil for CCUR's very profitable video business with $33.8 mil in annualized revenue, would value CCUR at $18.88!

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