CASH COW

[WANG]

TRFX
I've been holding TRFX for a while now...is it time to move out?
Something to consider for mid-longterm hold.


They have almost $3 pershares cash.
Hard to find any internet stocks,that gives 6 percent dividend yield.


Shares Outstanding: 12.98M
Float: 9.00M
% Held by Insiders: 30.64%
% Held by Institutions: 16.36%

Some of latest news
http://biz.yahoo.com/bw/040401/15390_1.html
http://www.forbes.com/video/?expired=no&player=none&formatok=no&available=rm,wm&vide...
http://www.forbes.com/investmentnewsletters/2004/03/03/cz_jd_0302adviser.html?partner=yahoo&refe...


some cut and paste from yahoo.

Smart Money-Top 5 Contrarian Plays

Traffix engages in "online database marketing," a euphemism for spam. The company owns an Internet service provider, a home computer technical support service and a number of online businesses, provide registration information and agree to receive marketing messages from Traffix and its partners. About 1 million people sign up to receive promotions each month, and Traffix's data base boasts nearly 50 million names. This " opt in" system offers some protection to the company from threats under new antispam legislation. In fact, tough spam-fighting laws just might be a positive development for the firm. If the garbage is eliminated, that could be a benefit for Traffix. Those who have the opt-in list could attract more mainstream marketers.
All this adds up to a solidly profitable business. Traffix has been in the black in 19 of the past 20 quarters. But what makes Traffix truly attractive is that the $5 stock boasts $3 per share in cash and offers a 6 percent dividend yield. Given that cash hoard, investors are getting the business for $2 a share. The dividend is secure, you have the sexiness of an online business, a cash-rich balance sheet and no debt. It's the amalgamation of the four pillars of value investing.
What's more, the benefits of the dividend tax cut should trickle down to generous dividend-payers such as Traffix, which is largely ignored by investors because it has no analyst coverage. Investors will eventually seek out companies with high yields after they realize that, on an after-tax basis, they'll have a higher return.

TRFX added to Buckingham
by: clinton_bubble 04/07/04 07:29 pm
Msg: 2226 of 2227

And we're looking to BANK PROFITS again on our Cash is King stocks like Traffix (TRFX), an online-marketing concern. This company trades in the $5 range, yet its debt-free balance sheet has $2.98 per share in cash and investments, allowing us to buy a very promising company with excellent growth potential while getting a high margin of safety. As if that weren't enough, TRFX has also been profitable from operations in 17 of the past 18 quarters and the company sports a dividend yield of 6%!