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Intel Corporation Message Board

  • bbajf591 bbajf591 Apr 16, 2013 12:06 PM Flag

    Potential to Triple in Near Future

    Concurrent (CCUR) could potentially triple in short-term. Ericsson (ERIC) just announced they are paying Microsoft (MSFT) nearly $200mm to acquire their Mediaroom multi-screen IPTV software in order to increase their multi-screen reach by 11 million pay-TV households to 16 million for a 25% multi-screen market share. CCUR's MediaHawk multi-screen software is superior to Mediaroom and CCUR has already signed multi-screen deals with the #1 largest cable TV companies in Japan, Germany, and the UK. These three huge CCUR multi-screen clients have a total of 14.8 million subscribers, which will put CCUR second in this space behind ERIC.

    CCUR only has 8.72mm shares outstanding and is currently $6.16 with a market cap of $53.715mm. CCUR has $24.6mm in cash and no debt. This gives CCUR an enterprise value of only $29.115mm, which is less than half its annualized revenue of $66.4mm and only 3.5X its cash flow from operations over the last 3 quarters alone! CCUR's video business, which has also captured the #1 largest video-on-demand (VOD) market share with a reach of 50 million households, is currently receiving no value at all!

    CCUR spent $15mm just to acquire their Media Data Intelligence business, which tracks 35mm pay-TV subscribers and holds a 35% market share in the markets it serves. CCUR also has a "real-time" ultra high performance computer technology business with annualized revenue of $27.6mm and 4 of the world's top 5 defense manufacturers as clients. This business is probably worth $25-30mm on its own.

    CCUR's multi-screen/VOD video business with $33.8mm in annualized revenue is currently being valued at less than zero! CCUR is extremely profitable with its EPS doubling the past two quarters in a row! CCUR pays a huge 3.9% dividend.

 
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