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Tucows Inc. Message Board

  • braywayne Nov 14, 2012 8:52 AM Flag


    Do not sell at these levels.............

    Sentiment: Strong Buy

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    • They must be very confident of their business going forward. They did provide some more detailed info on Ting during the CC stating, ....."During the quarter, we added approximately 3,000 new accounts and approximately 4,500 new devices bringing the total number of accounts to more than 5,000 and the total number of devices to more than 8,000.....Gross margin continues to track in the 35% to 45% range and the business remains on track to exit the year on a run rate that would have it at or approaching Tucows’ second largest service behind domain names.....Unique monthly visitors to the Ting website increased a 137% from April to September. And total likes on our Facebook page, increased to 170%. Since the beginning of June Ting is consistently averaged nearly 6% customer growth per week. And this number has not show signs of abating. We believe all of this bodes well for the future"......

      I am not the most knowledgable investor so what do I know, but I haven't seen a company buy back this great a percentage of their shares before (and it really hasn't moved share price that dramatically). They have bought back 33.2m shares (about 45 percent) and are prepared to buy back 6.5m to 7.3m more shares. The latest Dutch Auction might bring the share count below 40m. But I do wonder how many shares will be tendered, my guess would be less than 6.5m. Regardless, you would think that the share price has to go to $2 eventually.

27.16Aug 26 4:00 PMEDT