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PowerShares QQQ Trust, Series 1 Message Board

  • jtdmnf533 jtdmnf533 Apr 18, 2013 12:22 AM Flag

    New Hottest NASDAQ Tech Stock

    The new hottest play on the NASDAQ is about to become Concurrent (CCUR). How come? Ericsson (ERIC) just announced they are paying Microsoft (MSFT) close to $200mm to acquire their Mediaroom multi-screen video software in order to increase their multi-screen reach by 11mm pay-TV households to 16mm pay-TV households. CCUR's MediaHawk multi-screen software is superior to Mediaroom. CCUR has already signed multi-screen video delivery deals with the #1 pay-TV companies in Germany, the UK, and Japan. These three huge clients will give CCUR a total multi-screen reach of 14.8 million subscribers, larger than Mediaroom's reach, which ERIC is paying MSFT nearly $200mm for!

    CCUR only has 8.72mm shares outstanding and is currently trading for $6.75 per share. CCUR has $24.6mm in cash and no debt. This gives CCUR an enterprise value of only $34.26mm, which is just 0.52X its annualized revenue of $66.4mm and only 3X its cash flow from operations over the last nine months annualized! 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 by itself.

    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. Multi-screen video delivery to tablets/smartphones will likely be the hottest investment space on Wall Street for the rest of 2013!

 
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