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Value investor that seeks intrinsic value and the principles of Warren Buffett. Seeking Alpha placing special emphasis to identify risk and lay it off to the capital markets at profit. Use options to hedge and to deliver a risk adjusted return on investment. Trading Strategy: Sell puts on... More
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  • NOVC Billion Dollar Markets, Best Of Breed Solutions Wrapped In Tax Exempt DTA.

    What can we learn from NOVC 2013 Annual Meeting Proxy Letter to Shareholders May 7th in KC

    First they believe the 200M in gross revenue can be improved tax free.

    NOVC owns Streetlinks.com Adventtax.com and CorvisaCloud.com all wrapped under DTA worth 100s M mostly hidden by GAAP Fas109 and APB Opinion 11.

    Streetlinks has become the best of breed solution for lenders of residential real estate. Dodd Frank Act mandates the use of SL solution. I believe it is a 4 to 7Billion annual market. They control the client aka lender and are adding new high margin solutions like QX product backed by partner Equifax.

    Adventtax solves the financial needs of 70M Under or non banked American in USA. Partner WU Western Union (8Bmarket cap co) is a partner. Historically this market has been served by very inefficient solutions, RAL which are being banded by State Regulators and PAYDAY lenders. The COO of FISV and x CEO of HR Block Mark Ernst founded the co just before becoming #2 Deputy at IRS. He owns 13.5% of AFS in family trust.

    CorvisaCloud is a cloud based software product born out of NOVC prime tech engine Corvisa and acq of IVR. Like AMZN NOVC used this technology and realized its massive application including into the 1000s of lender clients Streetlinks has amassed.

    The board provides no sponsorship of institutional investors but Mass Mutual, Jefferies, and some very smart RIA have position in NOVC. You can buy it today for less then 60cents.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NOVC.OB over the next 72 hours.

    Additional disclosure: NOVC is owned by Mass Mutual and trades on the OCB

    Apr 21 10:54 AM | Link | Comment!
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