BroadVision Inc. (NASDAQ–BVSN)
Price March 16, 2010-$13.50
BVSN is another software company.
As of December 31, 2009, BVSN had $61.8 million in net cash and investments and was profitable in Q4 ($.10). Our valuation is $27.15 per share so it is trading at 50% of our valuation. Cash is $13.94 per share or 103% of the market price.
Revenues are about $30 million a year, with 75% gross margins.
BVSN fits in our valuation range and has a huge cash cushion.
BVSN trades only about 5,000 shares a day, so be careful with your buy orders.
There are about 4.5 million fully diluted shares outstanding.
Driving innovation since 1993, BroadVision an innovative provider of online commerce and business social networking solutions.