Inefficient Market

Value, long/short equity
Inefficient Market
Value, long/short equity
Contributor since: 2012
Feb 4, 6:49 PM
Inefficient Market
Have been accumulating $FHCO. Believe this stock is undervalued even without potential sales due to the Zika virus.
Feb 2, 11:21 PM
Inefficient Market
Recently closed positions in $PLPM and $IESC. Will re-evaluate after quarterly earnings.
12/16/15
Inefficient Market
$PYDS will benefit from higher interest rates.
12/14/15
Inefficient Market
Nice move in $PERI recently. Believe the stock is worth around $6 a share.
12/11/15
Inefficient Market
Started a position in $IESC today. One of the best quarters I've seen lately. Believe stock easily has 100% upside.
Even a blind squirrel finds a nut every once in a while.
12/30/15
I just saw that only 14% is the float (without institutions), so I can imagine a buyout shortly.
12/1/15
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Really like the new acquisition $PERI announced today. Believe this stock is ready to breakout.
11/3/15
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Added to $PERI today. Strong results and turnaround is ahead of schedule. ~$100mm in net cash and trading for less than 2x EV/EBITDA.
10/15/15
Inefficient Market
$PYDS announced a new quarterly record for processing volumes. Nice set-up going into Q4, the strongest of the year.
Why does $PYDS keep missing on revenue with such continual growth?
Probably related to the decline in returned check transactions, but it looks like they got that issue fixed in October.
10/13/15
Inefficient Market
Have been accumulating $PERI for the last several weeks. Believe this is undervalued with favorable risk/reward.
9/25/15
Inefficient Market
Per PACER filing, $OTIV and T-mobile ($TMUS) have reached a settlement for OTIV's NFC patent.
9/10/15
Inefficient Market
$TPNL. 87% revenue growth last quarter and net income of $500k vs. a loss of $100k in the prior year period. Trading for just 6x earnings.
9/10/15
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$TPNL. New idea in the payment processing space. Believe this is significantly undervalued.
8/14/15
Inefficient Market
$SLGD. 10-Q released today. Revenue up 25%, net income up 153%, backing out income tax benefit. Trading for basically 3x earnings.
That is obviously the risk. Contract runs through the end of December 2016, so not much immediate risk.
But I'll also say, the stock is trading like that contract has been cancelled. So if it gets extended (again) there is significant upside.
8/14/15
Inefficient Market
$SLGD. This might be one of the biggest market inefficiencies I've ever seen.
8/10/15
Inefficient Market
New 52-week high for $PLPM today.
8/6/15
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$PYDS reports record monthly processing numbers. NASDAQ listing next week. $PYDSD
8/4/15
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Solid results from $PLPM. Increases share buyback program. Management is still sandbagging on guidance...
8/4/15
Inefficient Market
$PYDS gets approval for Nasdaq listing. Will start trading on Aug. 11th. $PYDSD
8/3/15
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$PLPM reports tomorrow. Gut feeling is they raise full-year guidance.
7/22/15
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Based on the multiples $PYPL is currently trading at, $PYDS and $PLPM would be valued 150% and 100% higher, respectively.
7/20/15
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Another successful quarter from $PYDS. Anticipating the Nasdaq listing within the next few weeks. Might also get a bump from $PYPL listing.
Looking good. Nice transaction growth. All we need is the uplisting and we should be good.
7/14/15
Inefficient Market
Continuing to add to my new $SLGD position. Stock is trading for just 3x earnings, net of cash. Top line growth of 27%, bottom line 37%.
7/9/15
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Started a small position in $SLGD the last couple days. Feel this stock would still be cheap at 2x the current price.
6/11/15
Inefficient Market
$PLPM gets new $10m credit facility to repurchase stock. Tells you what they think of their share price...
5/15/15
Inefficient Market
Another record quarter from $PYDS. I would anticipate the Nasdaq uplisting within the next few weeks.
I really liked the quarter as it is supposed to be a seasonally weak quarter. Should be a great year if they execute the uplist and growth.
I really liked the quarter as it is supposed to be a seasonally weak quarter. Should be a great year if they execute the uplist and growth.
5/8/15
Inefficient Market
$PLPM. This is now a conviction buy. Mgt is still sandbagging on guidance. Expanded 5 year agreement with $GPN removes a significant risk.
5/9/15
Great work again! Congrats!
4/27/15
Inefficient Market
$PYDS appoints two new independent directors to fulfill requirements for anticipated Nasdaq uplisting.
I'd guess somewhere between 1:10 and 1:15. They might want to get it to $5 so some institutions could invest.
Next few months should be big for $PYDS as institutions start to invest.
4/23/15
Inefficient Market
Based on what $GPN paid for a similar company last month, $PLPM would be valued at about $4.40 a share. 120% higher than where it's trading
4/23/15
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Continued to add to my $PLPM position this week. Stock is a steal at these prices.
3/30/15
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Another great set of numbers for $PYDS. Wouldn't be shocked if they're bought out within a year.
Numbers were a bit higher than I estimated. Backing out the income tax benefit, net income in Q4 was just over $1m. I had them at $850k.
Thinking this one is worth 3x what it's trading at. That's just 1 year time frame. Could be much bigger than that.
3/25/15
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Back in $OTIV after summary judgment win against T-mobile. Could open the door to sue bigger players in the NFC market.
3/26/15
I sold all last Sept during the price spike. Bought two weeks ago and waiting on 2.00 as well. I agree, comfort level is not there yet.
3/26/15
I sold half the day it spiked to 5. Should have sold all. Bought some back as it kept dropping, but finally got fed up around 2 and sold.
3/23/15
Inefficient Market
$PLPM. Also believe management is sandbagging on guidance for 2015. A large partner's required software update in Q2 could be a game changer