John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

Comverse Is An Undervalued Spin-off

Comverse (CNSI) trades at a distressed multiple due to concerns over the effect of the commoditization of voicemail and text messaging services on its largest operating segment. However the large net cash position and reduced cash burn rate limit downside risk while the growing exposure to fast growing trends such as mobile data traffic and cloud-based managed hosting provide significant upside ...

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