PERI Been adding these last few weeks to an already large position. Priced for bankrupcy and trading right at all-time lows. All while the search business is now growing after Q's of declining revenues while their advertising business has seemingly positioned itself nicely for the future.
And the company generates a lot of cash, $66.5M over the past 2 years. Yet today's marketcap is only $55.5M. And they have guided for 2018 adjusted EBITDA of $28 million to $32 million. They reduced debt by 17% last year while still spending $10M on R&D for the technology for a new product that they are introducing to clients now and should be making an announcement on soon. Going forward there should no longer be any write-downs so I would expect "cleaner" financial reports as well as sequential impovements starting with Q2. (Q4 advertising business has seasonal strength)
Plus the CEO, who has been there a year now, is a respected turnaround specialist. In my mind this is a very low risk/ high reward play and I will patiently wait while the market catches up with the developements being made at the company. Need to look at cash flow with PERI instead of P/E although nice earnings numbers should be coming as the year progresses.
IMHO
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