TSYS Q2 2015 Earnings Update 7/30/2015

TSYS announced Q2 2015 (March 31, 2015) earnings after the close last night

http://finance.yahoo.com/news/telecommunication-systems-reports-second-quarter-200500282.html

Revenues were $87.9 million, up from $81.9 million last year and adjusted EPS was $.05 compared to $.04 last year. Overall an OK quarter-again. Our valuation was $5.78 down from $6.12 last year and up from $5.43 last quarter. TSYS is trading at 64% of our valuation.

We are now waiting on the outcome of their “strategic alternatives” investigation with Lazard. Shares closed at $3.70 on 7/30/2015. This is still a HOLD. We are up 170% on TSYS

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