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PIMCO Covered Bond Source UCITS Message Board

  • dickeypiper1 dickeypiper1 Jun 21, 2013 8:49 AM Flag

    Compelling Risk/Reward #5

    Some additional thoughts.........

    - Relatively low stock float. If a decent amount of good news then there is a strong possibility that we'll see a sharp upward move in the stock price. From my own experience I can say that in order to accumulate shares one has to be very patient and that limit orders are a must.

    - the recurring revenue model is a huge plus as usually companies with that business model are priced at a premium. Keep in mind that COVR customers are signing 5 yr. contracts.

    - Considering the low valuation at some point COVR has to be viewed as a merger/takeover candidate. Possibilities would include a competitor looking to immediately increase revenue & market share or a software company that wants to enter this particular market.

    - newly promoted CEO who is both young and energetic and has been directly involved in developing the software AND selling it to customers.

    Sentiment: Strong Buy

0.950.0000(0.00%)Jun 26 4:00 PMEDT