BLIN announced Q2 2014 earnings (quarter ended March 31, 2014) on May 15th. Ug. Revenues were $5.3 million down from $6 million last year. GAAP net loss was $.13 a share, compared to a loss of $.05 per share last year. Non-GAAP loss was $.07 per share compared to breakeven last year. Our valuation fell to $1.74 up from $1.83 last quarter. BLIN is trading at about 45% of our valuation. BLIN management expressed how disappointed they were at these results. No kidding. We were too. Their backlog was a healthy $20 million ($12.2 million booked this past quarter) but the $7 million deal they recently signed won’t kick in until FY 2015 (2 more quarters. They also alluded to signing another multiyear, multi-million dollar deal this quarter (which is half over). Until then they are projecting about $6 million a quarter. We are still believers here but this is no longer a BUY. We will give them another couple of quarters but we are reducing this to a HOLD for now.
BLIN
CSI Update: HOLD XRSC
XRSC announced Q2 2014 earnings (quarter ended March 31, 2014) on May 8th. Revenues were $12.8 million down from $14.5 million last year. XRSC is a bit similar to BLIN as they are transitioning their legacy software business to a subscription based service and revenues take a hit as they don’t book a big software sale upfront, but rather record it monthly in smaller pieces. But subscription based revenues are generally worth more to a buyer than one-time sales. GAAP net loss was $.07 a share, compared to a gain of $.01 per share last year. Non-GAAP earnings were $1.2 million or $.04 per share compared to $2.2 million or $.08 a share last year. Our valuation rose to $5.60 up from $5.57 last quarter. XRSC is trading at about 50% of our valuation. We will continue to HOLD as results were not that exciting, but the valuation is still compelling.
Cheap Stock Weekly Update April 18th 2014
Finally, an up week for us and the markets. We were up 1.5% and are now up 1.3% for 2014. The DOW was up 2.4% and NASDAQ was down 2.4%. For the year, the DOW is down 1.0% and NASDAQ is down 1.9%
No earnings last week and a slow news week.
Some of our stocks are just stupid cheap—compared to their net cash on hand per share divided by their stock price.
Check this list:
| GRVY | 172% |
| CCUR | 31% |
| SIGM | 62% |
| MRVC | 24% |
| SYNC | 52% |
BLIN, DAEG, GRVY and CBEY can still be bought.
Last week we went 9 stocks up, 4 down and 1 unchanged. Since inception we are now 66 stocks up and 18 down for a 78.6% winning percentage (80% is our target win %).
Since our beginning, we have closed out the following positions: Continue reading
Cheap Stock Weekly Update April 12th 2014
Three weeks in a row of losses, down .9%,. We are now down .2% for 2014. The DOW was down 2.4% and NASDAQ was down 3.1%. For the year, the DOW is down 3.3% and NASDAQ is down 4.2%
SIGM earnings last week.
Some of our stocks are just stupid cheap—compared to their net cash on hand per share divided by their stock price.
Check this list:
| GRVY | 170% |
| CCUR | 32% |
| SIGM | 58% |
| MRVC | 24% |
| SYNC | 50% |
BLIN, DAEG, GRVY and CBEY can still be bought.
Last week we went 3 stocks up, 9 down and 2 unchanged. Since inception we are now 66 stocks up and 18 down for a 78.6% winning percentage (80% is our target win %).
Since our beginning, we have closed out the following positions: Continue reading
Cheap Stock Weekly Update April 4th 2014
Another bad week for us, down 2.1%,. We are now only up .7% for 2014. The DOW was up .6% and NASDAQ was up .7%. For the year, the DOW is down 1% and NASDAQ is down 1.2%
No earnings last week.
Some of our stocks are just stupid cheap—compared to their net cash on hand per share divided by their stock price.
Check this list:
| GRVY | 169% |
| CCUR | 30% |
| SIGM | 55% |
| MRVC | 24% |
| SYNC | 51% |
BLIN, DAEG, GRVY and CBEY can still be bought.
Last week we went 6 stocks up, 7 down and 1 unchanged. Since inception we are now 66 stocks up and 18 down for a 78.6% winning percentage (80% is our target win %).
Since our beginning, we have closed out the following positions: Continue reading
Cheap Stock Weekly Update March 28th 2014
Bad week last week as we were down 4.4%, and are up 72.7% for 2014. The DOW was up .1% and NASDAQ was down 2.8%. For the year, the DOW is down 1.5% and NASDAQ is down .5%
No earnings last week.
Some of our stocks are just stupid cheap—compared to their net cash on hand per share divided by their stock price.
Check this list:
| GRVY | 169% |
| CCUR | 31% |
| SIGM | 56% |
| MRVC | 22% |
| SYNC | 52% |
BLIN, DAEG, GRVY and CBEY can still be bought.
Last week we went 0 stocks up, 13 down and 1 unchanged. Since inception we are now 66 stocks up and 18 down for a 78.6% winning percentage (80% is our target win %).
Since our beginning, we have closed out the following positions:
Cheap Stocks Weekly Update March 21st 2014
Some of our stocks are just stupid cheap—compared to their net cash on hand per share divided by their stock price.
Check this list:
|
GRVY
|
159%
|
|
CCUR
|
30%
|
|
SIGM
|
49%
|
|
MRVC
|
21%
|
|
SYNC
|
50%
|
Last week we went 9 stocks up, 4 down and 1 unchanged. Since inception we are now 68 stocks up and 16 down for a 81% winning percentage (80% is our target win %).
Since our beginning, we have closed out the following positions: Continue reading
