RE:RE:RE:SVC and TimeExactly MUG! I wish I was averaged in as low as you but I'm on 10k ~1.70, nice 4% yield on my basis.
The management of this company is honest and has been open about the lumpyness of the business. People criticize them but they have been open about the struggles for some time. And hey, they are positive EPS, generating a decent amount of cash, and a lot of their technologies are just trying to get an initial footprint. Being software focused means they should maintain good margins. It is of course possible the market could die by replacement, or they could continue to grow sales slowly, make good acquisitions. My prediction is that they will have a stellar year in the next few, and either have a big run up in share price, or, get taken out by a big player.
Lets also not forget that they are buying back shares consistently at what they feel is very good value.
There are lots of questions and no one knows the future, but if you're looking for GARP, sandvine is a great fit.
-Phat