Hweb, re EVOL. I see why you like it, for all the reasons you've stated earlier (insider buying, dividend yield, increasing backlog, cost cutting measures, etc)
Three things:
a) Low tax rate, which will have to end sometime. Sskillz has already pointed this out, so I won't harp on it....but I think one could adjust for a higher tax rate to be conservative. The forward PE may be deceptively low, esp if the company has to recharacterize its valuation allowance and bring it on its balance sheet as a deferred tax asset. Probably not a concern to a short term swing trader like yourself, but its more of an issue for the LT investor.
b) Lumpiness of revenues from the sale of licenses. Really tough to predict this, and its probably why management shies away from giving quarterly guidance.
c) Not a screaming value on the EV/EBITDA scale.
