SYNC announced Q1 2014 earnings after the close on May 13. Revenues were $25.2 million down from $29.1 million last year. Net loss was $.07 per share compared to break even last year. Adjusted EBITDA was a loss of $.7 million compared to positive adjusted EBITDA of $1.8 million last year. Not a great quarter.
Our valuation fell to $5.44 from $5.94 last quarter. Cash was $1.17 per share, more than 50% of the current market cap.
SYNC is trading at about 42% of our valuation. We will HOLD for now and see how the next couple of quarters look. Any signs of a turnaround and we think this stock will soar. A buy out is always a possibility.
It’s earnings season! I will be updating the blog more frequently during this time. If you don’t want to miss out, be sure to click the “follow” button on the left side of the page.
Cheap Stock Investor 
How did you portfolio hold up in the 2008 downturn? Thanks.
Our portfolio was down 46.5% in 2008, but rebounded 88.9% in 2009. We held most of our positions throughout the crash.