NERD -- Oversold and deeply undervalued IT play
NERD is deeply oversold on what looks like tax loss liquidation by a single seller. Fundamentally undervalued:
- $7.15M mkt cap
- $10.1M in yearly revenue ($2.6M gross profit)
- Strategic partnership with Staples Canada
- Expanding into United States
- CEO hinted at acquisition news in the recent interview
- $7.15M mkt cap
- $10.1M in yearly revenue ($2.6M gross profit)
- Strategic partnership with Staples Canada
- Expanding into United States
- CEO hinted at acquisition news in the recent interview
Comment:
Looks like I caught it right at the bottom. The buyers stepped in last Friday and the big TD seller may be out at this point. .09 gap is filled. There are two more on the way up at .165 and .29.