Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Tucows Is A Scrappy Tech Company Cannibalizing Itself

If you listen to a lot of podcasts, you are probably aware of Tucows (NYSEMKT:TCX), or at least of their two retail operating businesses: (1) Hover and (2) Ting Mobile. Podcast advertising is just one indication that Tucows is a scrappy, bootstrapping internet company -- it knows its target market -- and advertising via podcasts is certainly cheaper and higher ROI than other forms of broadcast communication.

Tucows remains under the radar, but it is a capital light technology company with a savvy CEO (Elliot Noss) who is very shareholder friendly. To wit: since 2006, Tucows has taken nearly half of its shares outstanding off the table (after adjusted for a reverse 1 for 4 stock split...

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