Why I like TTZ.VI've been buying TTZ.V for the following reasons:
- Looking through the financials for the last 2 years their recurring rev portion is around 160-170k per quarter. it is growing around 15-20% y-o-y. also their sale of hardware has been growing much faster y-o-y. which should mean the recurring rev should be able to grow at good rate.
- As per the MD&A, the growth should accelerate in Fiscal 2017 compared to the last 2 years. International opportunities are considered extra and are no part of the forecast.
- The margin on the communication piece (recurring rev piece) is around 70%. But it seems like it will get better w/ scale. And the margins on the hardware piece is around 40%. And the overhead is very low.
- Insiders (CEO, CFO and 1 director) own 25%. The CFO has been buying shares for the last month and a half.
- 1M in cash with no debt. $0.044 in cash per share.