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Affymax, Inc. Message Board

  • jtdmnf533 jtdmnf533 Mar 31, 2013 8:45 PM Flag

    This Low Float Mobile Play Could Make Largest Gains in Week Ahead

    Concurrent (CCUR) deserves to double over next two weeks based on fundamentals vs. its #1 competitor Seachange (SEAC). CCUR has gained 12 straight months and 8 of the past 9 trading days. CCUR has best looking chart in market with the most momentum, and is just getting started! CCUR is currently $7.91 and has seen a lot of resistance at $8 for the past month. The resistance is nearly all gone and as soon as CCUR breaks through $8 convincingly, it could rally to double digits within the following couple of trading days.

    CCUR's 12 month rally has been slow and steady, but the first ten months were on very low volume. CCUR's volume has exploded over the past couple of months yet its share price has continued to rise at a steady pace as some final investors take profits who bought a year ago before CCUR's financial turnaround. It only has 9.2mm o/s and already traded 9.3mm shares since Feb 1st. CCUR has a compeltely new shareholder base and as soon as the last old shareholder is done taking profits, CCUR will rapidly explode to double digits within days. CCUR's net income last quarter was up 100% from previous quarter and up 300% from two quarters ago. CCUR has $24.6mm or $2.67 per share in cash (no debt).

    After subtracting its cash per share, its business is worth only $5.24 per share. CCUR's non-GAAP EPS last quarter of $0.125 equals $0.50 annualized, valuing CCUR's business at an insanely low 10X earnings! CCUR has $62.59mm or $6.80 per share in revenue, valuing its business at an extremely undervalued 0.77X revenue! SEAC is $11.89 and expected to report full year non-GAAP EPS of $0.40, giving it a P/E of 30. With CCUR's latest annualized non-GAAP EPS of $0.50 a P/E of 30 would value CCUR at $15! CCUR delivers video on demand (VOD) to 23 million U.S. homes out of 55 million with VOD. CCUR will prosper from the cable TV industry's 2013 multi-screen spending boom. CCUR just signed huge multi-screen deal with Virgin Media (VMED), largest cable TV company in UK!

 
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