While calling the domain business “boring” Frenette mentioned that he liked Tucows to bounce back. The stock was down 5.2% today
From the article:
Consider Tucows (TSX:TC)(NASDAQ:TCX), a Canadian IT services and telecom company that’s a cash cow of a business with encouraging long-term growth traits that are severely discounted by analysts on the Street.
The stock got clobbered last year, with the stock plunging nearly 50% from peak to trough. While it’s easy to throw in the towel on a “boring” domain name registrar that few investors have heard of, I’d urge investors to consider the ridiculously low multiple they’re paying for the calibre of stable long-term growth they’re getting.
I do not have a position in the company and this article is not a recommendation to buy or sell.
Tip of the cap to Lox