Ipass is hiring, again. Has approx. $ 33m in cash, without any debt. Retained an M&A V.P. from Jefferies Grp.
And, has much of the common-share float in strong hands. A surprise of .02-.04 better than expected earnings per share, February 18, (-.05 is the consensus,) would catapult the market-cap. to $150m, or higher.
Sequential, and y.o.y growth, nicely beyond expectations, would also stir an investment advisor upgrade, or two.
I am adding common, predicated on the assumption of either a strategic relationship, or the former, to push the market capitalization higher.
$2.33 - $3.64 per share, over the next months, on any of the above transpiring (a market cap. between $150m-$240m). Anything is possible, including a demonstrable quarter of solid growth. Whereupon, I will maintain my position for the duration.
Many companies are actively seeking new avenues of growth, from Oracle to Cisco. All adding to existing divisions of revenue, or creating new divisions through acquisition. So....... on balance, the company is yet attractive.