Saturday, February 4, 2012
Research Report SREV
The research on this one might have been a little light as I am tired from a cold and physical labor. SREV helps businesses collect money owed to them, only charges them for improvements. Many large companies use them. I did not read IPO documents, seems like they are expanding overseas, perhaps the money was used for this. They have grown 30% this past quarter, not very profitable yet, still showing an accounting loss, right on the cusp of a profit. Currently above the IPO price, but has a bearish tail suggesting short term pull back is due. Leadership seems to be drive by one man, guided by others with lots of experience. Many of management helped other IPOs and techs such as Juniper...
I understand the story on this one, don't really find if attractive right now. Like others I will follow for a while, I feel better about this one than others.
Posted by nursebee at 5:25 PM