At Spruce Point Capital Management, we were recently screening for attractive microcaps with relatively low risk business models, experiencing above market growth, having solid, debt-free balance sheets offering downside protection, high insider ownership, and potential catalysts that could result in significant upside potential. The one company that fit our criteria perfectly is SMTP, Inc. We believe the investment opportunity offers an attractive risk/reward, and we recently became a shareholder.
SMTP (SMTP.OB) is a provider of cloud-based services to facilitate email deliverability that includes bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. The services provide customers with the ability to increase the deliverability of email with less time, cost and complexity than...