RE:Undervaluedmlmack wrote: My other two under-valued micro caps are TLA and IWG.
Would you consider TLA a peer to Photon? The return on equity is great and the stock is not overpriced, but sales growth has stopped. Do you see any reason that might change? They might continue to sink towards book value unless the market sees growth potential.
IWG is such a miniscule company, and over a 10 year period their performance looks random. It's hard to see enough consistency to call them undervalued, except on a purely speculative basis.