Seekingalpha.com, a site that follow public companies, gave a very positive review of Tucows.com shares this morning, (a member of our Domain Parking Stock Index) calling it a “cash rich” company, saying in part:
“All told, Tucows strikes me as a relatively low margin business with low (and perhaps negative) capital costs that has deployed its retained earnings profitably for shareholders in recent years. Though GoDaddy is the dominant player in the sector, Tucows has added customers and concentrated its business lines. If Tucows continues to divest its non-strategic assets and contain its costs, I would not be surprised to see them earn more than $7 million this year ($4.5 million from operations and $2.5 from after-tax sale of investments). With a market cap of $29 million (as of 7/30/09), management and the Board should have an opportunity to buy back shares quite cheaply.
That is, unless enterprising investors find it first.””
Another nice story on a publicly held company in the domain space.
Last nights we published a positive story on Marchex posted by Fool.com.
Michael do you like Tucows as an investment ? I had bids in back in May on Marchex at $3 and missed a 50 % move. Not sure about Tucows stocks and forex is my background and make much more trading than with domains. But Tucows has done nothing as far as an investment. Do you own any ? By the way great story on DNJournal. It was a very good profile and seems like you are well balanced with a good marriage too which is nice to see.
Dot
Thanks for the congrats on the article.
I don’t think its my place to give out stock advice.
I can give you information and news but your going to have to figure out what is best for you and your family.
What are we talking about here? A company that “might” make $7M this year? I know it’s relevant for our industry but from an investment standpoint….uggh.
I saw enough after to pulled back the domains I won on their old drop platform. Shady and deceptive aren’t really words I’d mix with a “good investment”. JMO
Seeking Alpha did NOT make any comment…… it was “Wide Moat Investing”. Articles can be posted by anyone on Seeking Alpha it is a giant blog…..with 10’s of thousands of articles, and hundreds posted daily. The article you are referring to about Tucows lacks substance to say the least….
Michael I was only asking for your opinion if you owned it, I have been trading stocks for 25 years not looking for investment advice from anyone.
Dot
Sorry misunderstood you.
No I do not own any stock in Tucows.
I have been highly critical of some of the companies business practices and do not feel I can own shares of the company.