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

ModusLink Global Solutions Is Undervalued And Turning Around

The successful turnaround at ModusLink Global Solutions (NASDAQ:MLNK) is not reflected in the current valuation as investors are more focused on past losses than future bright prospects.

Company overview

MLNK provides global supply chain business process management to the technology, communications, retail and medical industries in 15 countries. MLNK previously operated under the names CMGI, Inc. and CMG Information Services, Inc.

MLNK provides the following solutions:

Factory supply. Provides client manufacturing or light assembly operations with an inbound supply of components and a cost effective means to ensure consistent component quality. Competition includes electronics manufacturing services/contract manufacturers, third party logistics providers, supply chain management companies and regional specialty companies.

Postponement. Provides solutions for "last-mile" customization of...

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