5/02/2013

Margin of Safety Value Driven Ideas: additional update 05/02/13

 
SYNC: Synacor Inc “is a provider of startpages, TV Everywhere solutions, Identity Management (IDM) and various cloud-based services across multiple devices for cable, satellite, telecom and consumer electronics companies.”

Price on post date 04/22/13 = $2.86
ROIC was 2011 = 25.00 , 2012 =14.09 , TTM =14.09
Recent insider director purchases during March 2013, 40,000 shares @ 3.02 and 33,000 shares @ 2.99
52 week change of -67.00%, YOY quarterly change in Revenue = +11.20%

Per Share Data = Cash 1.54, Revenue 5.00, GP 2.03, EBITDA =.35
Price = 3.69 EV per share = 1.45,
EV/Sales = .33
Shares moved sharply higher on Wed May 1 after they announced a deal with Verison that would expand access to television shows and movies available online to Verizon's 5 million FiOS television subscribers.


HSON: Price on 04/22/13 = $3.35 

OIIM: Price on 04/22/13 = $3.17
 
O2Micro International Ltd: “O2Micro International, Ltd designs, develops and markets high performance integrated circuits for power management, security applications and systems security solutions”
OIIM is financially strong with an aggressive share buybacks from 2008 to the current period. Share count was reduced by 16.75% from a 2008 share count of 37,256,620 to the most recent period count of 31,043,800.
52 week price change is -36.08%.
Market Cap: 104.91M , Enterprise Value:1.29M
Price/Sales:1.02 , Price/Book: 0.66
Enterprise Value/Revenue:0.01, Qtrly Revenue Growth (yoy):-41.30%
Gross Profit:71.01M
EBITDA:-14.72M
Total Cash:97.32M , Total Cash Per Share:3.25
Current Ratio:10.86, Book Value Per Share:5.02                       

INTX: Price on 04/22/13 = $8.89

ELSE:Price on 04/22/13 = $4.38