We only have 7 remaining stocks in our legacy portfolio.
We think 3 of them are screaming buys, 3 are holds and 1 is a hope.
SYNC will begin to see the impact of the $100 million AT&T contract in 2017. We think it is worth double the current trading price before the AT&T contract.
AVID has 2 analysts covering it now that both have current year earnings estimates over $2 a share. So AVID is trading at like 4.5 times earnings. This is a software company with 30% of its revenues recurring. CHEAP
ATEC is selling its European operations for $80 million. This looks like it was about 40% of their business. This deal will allow them to get out of jail with their lender which is what was killing the stock price, in our opinion. Our current valuation is $1.97 a share versus the $.30 it is trading at.
GSL is the “hope” referred to above. We can’t predict when management outright lies in their press releases that they will increase their dividend from $.40 a share to $.50–and then eliminate it entirely. Operationally they are doing just fine.
Cheap Stock Investor 
Given AVID’s financials are massively skewed by non-cash charges and their liberal use of non-GAAP metrics, don’t you think cash flow would be a better way to analyze the company? Doesn’t look that cheap after considering the ongoing cash burn and the meager 2016 FCF guidance.
My valuation formula takes both factors into account. The Non-GAAP earnings of over $2 a share is just gravy.