Vince Martin
Long/short equity, value, gambling

PC Connection: After Q4, Still Too Cheap

For the second straight quarter, PC Connection (NASDAQ:PCCC) posted a double-digit percentage gain following earnings, this time an 11.2% jump on Friday following its Q4 release:

(click to enlarge)


Of course, as seen in the chart above, the problem for PCCC isn't necessarily the earnings reports, but what comes in between. Shares are essentially flat YTD at a current price of $22.47, and down about 7% from where they traded when I first recommended the stock back in May. (The company did pay a 40 cent special dividend last month, the fifth straight year it has made such a payout.)

The weak trading between reports might take some of the shine off the back-to-back beats,

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
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