Savvy Trades and Investments

[maxluke1]

TSRI - anyone looked recently? not for everyone because of liquidity. Somewhat more interesting than I remember, other than the continual low float pump every 3 to 6 months.

Positives:
-Finally tossed out old CEO Hughes, who used to collect a $1 million dollar annual salary ...it was awful
-Revenues up quite a bit YoY, decent QoQ
-SG&A unusually high past quarter (and likely one before) due to acquisition and settlement with Hughes. Thinking it can easily make it back down to $3.5 million/quarter and maybe even $3 million/quarter
-Potential tailwinds from labor market (they do IT professional contract work, granted, they don't appear to be anything special)
-Insider buying
-Acquisition looked okay

Negatives:
-Liquidity
-Dilution (at least Hughes held the share count constant...)
-They filed an S3 back in October ($5 million), but maybe it's just to capitalize on when it gets pumped again to raise money at a good price?

will look closer when I get a chance

disclosure: all my opinion. I've got a position at an average of 8.72. Would've liked a better price but there's an opportunity cost