At heart, Tucows (TCX) is a stable, rather stagnated, business. It's a mixture of legacy businesses including a wholesale and retail internet registrar, plus a portfolio of domain names and a download website.
In regards to the the wholesale internet registrar, Tucows manages over fourteen million domain names and millions of value-added services through a reseller network of over 13,000 web hosts and ISPs.
Tucows "legacy" businesses throw off reliable if uninspiring cash flows and earnings year after year. They're enough for Tucows to be profitable and debt-free (on a net basis). This part of Tucows' business is likely to continue rather unchanged or growing slowly over time.
The reason why Tucows merits an article,...
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