SGRP - this is still way undervalued. The director "drama" isn't drama, so much as it is the 60% holders of the stock want their own guys on the Board...not really uncommon at all. It will certainly get ironed out, unless you think the 60% holders want to sabotage the stock they own.
This was trading at the 1.50 level when they were reporting significantly worse quarterly results, and the Board fighting was still there. So this looks really cheap to me now. I'm not sure I'd expect 0.07 quarters going forward, but it's definitely possible. They're obviously getting organic growth from somewhere now, so that may continue.
They've been talking about "headwinds" with regards to labor costs for at least a few years....ever since they got this new CEO. Seems like he always comments on it. It never really affects the business materially. Or maybe it has been and the business is being held below its potential....despite what looks like really good numbers.
The hidden value of this company is actually in their software. Once the market figures that out, this could be a $10 stock. All these tuck in acquisitions they do is simply this: they find smaller retail merchandising companies, and take a 51% stake, and let them use their proprietary software system.
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