Looks like Tucows is undergoing a slow but steady price increase, I think I can handle it going up a few cents a day consistently. My near term price target based off of fundamentals, the buyback program, and technical analysis is for $2 within the next few weeks. Thoughts?
I am very happy with the results of the Dutch Auction. It went out at the highest possible price, which means that the company cleaned out a lot of "weak hands". Fundamentally, if you divide the new share count by the market cap, you come up with a price north of $1.60. My target is also $2, but I don't think it will happen right away. Still, with some good news out of Ting, and continued strength in their core business, there is no reason why this stock can't go to $2. Part of me is wondering whether taking this many shares off of the market might cause a dramatic pop at a certain price, since there are obviously not a lot of sellers left at these levels.