Value Microcaps Motherboard

[hweb2]

bucfan, re BLD CTIG PWEB

BLD earnings PR came out a few weeks ago. I like this one and am surprised it hasn't moved up to at least the low $3's. Earned a fully-taxed .10/share in Q3 vs. .05/share last year. Without the $338K restructuring benefit, earnings would have been more like .085/share. Sounds like numbers could get even better in Q4. Expecting sequential revenue growth. Backlog increased sequentially from $50.5M to $57.5M. On the CC, management said backlog has continued to strengthen in April and is now over $60M. Solid balance sheet with tangible book value of $1.56, including .72/share in cash.

CTIG was a disappointment due to the lack of patent enforcement revenue. That will vary from quarter to quarter, so can't expect a blowout quarter every time. This is one I'm going to add to on the selloff as they'll have an easy Q2 comp and earnings could easily rebound depending on patent income.

PWEB looks like a 1-quarter wonder. They sucked me back in after a good Q4, but I'm taking this one off my watchlist.