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I'll tell you why it's moving. Smart money is piling in. The last time these guys bought the stock ran huge. They're never wrong. Trust me. I know.
We will find out if this stock has legs over the next year or so.Tucows could end up being a cash cow, and value could soar. They have navigated and learned to make money in the toughest markets over the last 5 years or so. They have new products, good (great) leadership, and are cost efficient.They communicate effectively, and focus their time and energy, are not spread out all over, and are buying back their stock.Insiders who know the company are buying. There is no indication to me that this won't be held down at 2-3 - My target is more like 6 - 17.To get to 6 - need 2 more Q's of growth, same or better margins (margins should grow with revenue - i.e. hold down and manage cost while growing)to get to 17 - get consistent eps growth - they are on a positive track. Also - continue to buy back now that the stock is cheap.remeber that when you look at cash on hand, that the share repurchase came from cash, not a credit line.do the math - this one adds up. good luck.