Sorry fb--No credit!
Section 1507(b) of the Rules and Regulations International Message Board Association (IMBA)
is very clear on this.
I hope you are right---my own work does not involve technical analysis but from a fundamental
standpoint-IMHO as I have posted on other threads this stock has the potential to work its way
significantly higher over the next 12-18 months.
Seems to me that this is appropriate to describe Main---
Assuming that Main can average even $2.20 annual dividends going forward
and gradually grow NAV-- (Not going to be easy)---this appears to be an
attractive place to have some funds invested--Still plenty of risks involved---
see SEC filings
In any event $2.20 divided by current approx $28 works out to rate of return of 7.8%--
Oops should be 1mg dose every 30 days----Not sure if new posters on this board have seen my idea posted nearly a year ago for this potential protocol--
Perhaps this is being tried in secret testing program?
Sorry about your home situation---thank you for your service ---you are not alone and
you could be right
My own guess near term---a bounce to $30 which if attained over one month would
represent a 99% annualized rate of return.
Good luck to you and all.
I agree with your positive outlook---
I hope the cows do not have mad cow disease (I so not think they do)---so "full speed ahead!"
Currently with stock trading around $1.60 the "Market" (anthropomorphically) is "saying"
that SYNC is worth 3X Enterprise Value ($30,000,000) divided by 2016 EBITDA ($10,000,000)---
($10,000,000 is my guesstimate of EBITDA this year)---
Although still risks, ---3X multiple seems very low to me---Perhaps "Market" knows something that I do not--
Always need to respect the "Market" ---- In any event I need to do additional research on this
company---As posted on another thread IMHO stock has potentgial to
grind its way to a considerably higher EV/EBITDA valuation over next 12-18 months.
Two "Street" analysts following this stock per Yahoo finance---one has $2,50 one year target price,
the other $2.95 target price---I am thinking/hoping somewhat higher---
Could not agree more---
I have more trust in Iran not violating the nuclear deal than I do with any
commitment/"promise" from SIGA/MAFCO---
very good jones--very good
My numbers and price target range guesstimates shown above are hopefully
conservative and there is a possibility of expansion in the ev to ebitda ratio and if that
should materialize we could potentially be talking about a $4-$6 price target range ---
Much will depend on excellent execution on growth initiatives by management, including
importantly, results and synergism dynamics associated with the Zimbra acquisition--
For now, personally will stay with $3.40 - $3.80 guess/price target range (we have
to get there before the higher numbers are attained)
Meanwhile, I feel SYNC will increasingly be regarded as an acquisition candidate--
It seems that I am the only one posting on this board that likes the idea of a modest
stock repurchase program to be carried out over the next 4-5 years--Although I am
not wedded to this, and probably won't mention this again--- IMHO such a program would
have a major salutary impact on the stock price Consider:
$16M cash on hand-- Plus $12M+ annual free cash flow being generated over next
3-4 years (hopefully)---
I am suggesting only a very modest $2-3M annual stock repurchase program over next
4 years ----- Leaves plenty of $$$ still available to carry out growth initiatves----
The proposed stock repurchase program would
(a) Offset significant dilution from issuance of stock options--
(b) Reinforce perception that we do have a "shareholder friendly management"
(c) Repurchasing stock is in essence "an acquisition"---(of our own company)
(d) Will smooth out vicissitudes in stock price gyrations---Currently when blocks appear
it takes a long time to work off---tends to put lid on stock price---
(e) Will support price in major overall market selloffs--
f) Will result in enhanced EPS in future years
(g) Will result in a significantlyt higher $$ value per share for current shareholders in event company
SYNC is acting well in a very tough overall market
Although still plenty of risks (see SEC filings)---In my opinion the stock continues to be
significantly undervalued at current price ($1.64--- I thought that Himesh did finel with his presentation
today at the Needham conference.
With approximately $16 million cash on hand at end of 2015 and with a decent chance that cash will
be well over $20 million at end of this year and over 28 million at end of 2017 --this after $2 million
outflow for earn out related to Zimbra acquisition. This also assumes $2-4 Million outflow for stock
repurchase program if BOD were inclined to implement such a program. (As posted previously
I would like to see a $10 million stock repurchase program to be carried out over next
4 years)---Plenty of cash would be available for such a program and also cash available for a small acquisition.
Still no long term debt.
Approximately 28 million shares outstanding mid-2017
EBITDA running at at approximately $11.5 million in 2017 (could be higher)
Cash at approximately $26 million mid 2017
Enterprise Value (Market Cap - Cash)--- 28M shares X $3.80= $106.4 Million-$26.4M Cash= $80MillionEV
A valuation of EV to EBITA 7X ?? ($80M EV divided by $11.5M EBITDA (2017) = 6.95X
A Reasonable Price Target Goal mid 2017---$3.80---hopefully conservative.
To be even more conservative assume discount to $3.40 which would be a double from here over the
next 18 months---an annualized rate of return of nearly 60%--
The above guesstimates (subject to change as events unfold) represent only my own approach
to this situation---Others I am quite sure have considerably higher price targets, and hopefully
my numbers and price target goals will turn out to be very conservative.
Do you have any estimate/guess what percentage of SYNC revenues in 2016 will come from
Thanks in advance---Hopefully Presentation at Needham conference will be helpful---
I would like to see the company prepare something that would enable a non-technology
person such as myself (my background is financial) to understand exactly what SYNC
does--the type of service provided to our customers in each "revenue silo"---Although
the company website is excellent IMHO the explanation of the services and products
offfered although well intentioned (and importantly is well understood by SYNC cliient/customers)
still seems toi me complicated for the average investor to understand.-----Perhaps I am the only
one that is having difficulty with this-----
In any event from a financial perspective IMHO the stock (currently $1.70) seems undervalued
if operating metrics develop as anticipated over the next year or so--
Yes IMHO would be an attractive acquisition candidate----Board of Directors does not
seem inclined to explore this at this time--hopefully they could be persuaded otherwise---
Nevertheless Sync, as a standalone company should grind its way higher over next
12-18 months unless there is a pretty major market meltdown (which is possible)--
Would like to see an additional $6 million in operating cost reductions over the next year--
Needham conference presentation next week hopefully will trigger some buying interest.
Sync should be strongly cash flow positive this year---cash on hand at end of 2016
should be well over $20 Million --no debt---Continue to feel a large stock repurchase
program to be carried out over next 4 years would be well received by "The Street"
Yes---Sustainable recurring revenues is the name of the game for BSQR
Also---of course the revenues have to be highly profitable---
This company/stock is very difficult to anaylze currently---management
has not given out a lot of information related to the size of the addressable market
for DataV ------ Could BSQR be generating in 2017
$5,000,000 Data V Revenues?
$10,000,000 Data V Revenues?
$20,000,000 Data V Revenues?
BSQR IMHO needs to develop Wall Street coverage from one or two
well regarded Research firms so that investors can have a model for
Revenues, EPS, Est 3-5 year growth rate etc.