Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

ePlus: Satisfactory Current Earnings, No Debt And Poised To Grow

ePlus (NASDAQ:PLUS) is a North American technology services and reseller firm. It has a close working relationships with major technology providers, such as Cisco (NASDAQ:CSCO), and is focusing on providing bundled services to the users of technology such as governments, schools and medium to large businesses. To illustrate the sort of products ePlus deals in, consider that of revenue recorded over the past six months ending September 30, 2012, 51% was from Cisco products and 10% from Hewlett-Packard (NYSE:HPQ) products. As the 10-K states:

Our primary focus is to deliver technology solutions...Our broad product offerings provide customers with a highly-focused, end-to-end, turnkey solution for purchasing, lifecycle management, and financing for IT products and services....
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