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

SmartPros Is A Textbook Deep Value Opportunity

Company overview

SmartPros (NASDAQ:SPRO) provides accredited professional education and corporate training primarily in the areas of accounting, financial services, engineering, legal, ethics/compliance and IT. Its offerings are delivered through the internet, CD-ROM, video and live seminars/events.

It pays to be a winner - except if you're a microcap?

Following its most recent (and positive) earnings announcement in the beginning of November, SPRO only managed to trade sideways for the next month until the market finally paid attention and drove the stock up ~35%. However, SPRO quickly gave up these gains despite a lack of negative catalysts. This creates an asymmetric opportunity for investors to enter before another potential delayed reaction by the market.

In the mrq, revenue...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details