RE: RE: Insiders Still Gobbling Up More SharesWell this seems like a nice opportunity to add to your position. Insiders clearly understand this company.
This is a dream buy and hold company. The enormous cost to replicate Pulse's library gives us a nice wide moat. Investors don't seem to have figured this one out yet, looking at the meaningless earnings figures which are manipulated by a huge amortization expense which really doesn't make sense seeing how the data can be used forever. Free cash flows are what adds value to a business, and this company has been great at generating these on a consistent basis.
This company is a great candidate for a simple DCF analysis. Using the most conservative figures, you get a fair value of over $5.00/share. Plugging in more agressive figures you get a fair value near $9.
I will continue to add at these levels. Trust me, a dividend will be coming in the future and buying at these prices you're basically buying at a 10% yield once the dividend is implemented.
Have a great log wkd,