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Solid quarter for SPRT. Earnings PR mentioned

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hweb2 Member Level  Wednesday, 08/14/19 05:01:45 PM
Re: Mermelstein post# 64000
Post # of 64174 
Solid quarter for SPRT. Earnings PR mentioned $300K in legal expenses in Q2 that weren't part of normal operations. Without that, Q2 earnings would have been .05/share.

Best part is the balance sheet. Even after that $10M FTC payment, their cash position increased to $2.27/share! It's insane that this profitable Nasdaq company is trading so far below cash value. Has to go up almost 50% just to get back to cash...where the rest of their business is valued at zero. Earnings will be lower in Q3 due to the loss of Verizon (small revenue but it was high margin). But the valuation on this stock is ridiculous. Why the management team isn't buying back stock here so far below cash value is beyond me.

https://finance.yahoo.com/news/support-com-reports-second-quarter-200300378.html

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