Investment Summary:
I believe that Pacific Internet (Nasdaq: PCNTF), at its current price of about $7.60, represents a low-risk Internet investment, with substantial upside price potential in the next year, as the company capitalizes on new growth opportunities, under the guidance of a new CEO. In addition, with the recent unsolicited buyout offer of PCNTF, the stock could see more upside if the company gets into play as an acquisition candidate.
Blog
Archive for February, 2006
Pacific Internet (PCNTF): New Stock Recommendation
Internap (IIP) Valuation Considerations
Two of Internap’s closest comps have just reported earnings, and it is interesting to compare their valuations to Internap to see the potential value of Internap, in the event of a takeover (I wish management would just put IIP up for sale already). Note that these calculations are very back of the envelope and somewhat simplistic. But, I think they give a good idea of the potential for Internap’s stock.
Interland (INLD) Update
Interesting SEC filing today from Interland (INLD), which describes the resignation of one of the main officers of Web.com, Mr. Pemble. The bullish news is that several Interland insiders, including the CEO, bought Pemble’s INLD stock (153,000 shares worth) at $4.40 per share. The CEO bought up 24,000 shares and a director bought up 45,000 shares. It is always positive for a company when insiders are buying stock, especially after a run up.
Network Engines (NENG): New Stock Pick
Investment Summary:
I believe that Network Engines (Nasdaq: NENG), at its current price of $1.88, represents a low-risk investment, with substantial upside price potential in the next several years, should NENG’s newly appointed, and highly experienced Chief Executive Officer, execute on some key business initiatives and position the company successfully in the high-growth network server appliance industry.
Investment Advice from James Tisch
This past Friday I had the opportunity to attend Columbia University’s School of Business Annual Value Investors Conference. The speaker that most impressed me, at least at it relates to his off-the-record comments, was James Tisch of Loews Corporation.
Interland (INLD) Update
I was going thru Interland’s (INLD) SEC filings and it appears that Kinderhook Partners, LP has taken a 6% position in INLD. For some reason, INLD has two filing names on the SEC website and this only shows up in one area, but it seems to be an accurate finding.
I believe Kinderhook’s investment is noteworthy, because these guys were very early in last years #1 stock, NutriSystems (NTRI). With Husic Capital already involved in INLD and now with Kinderhook taking a large position, I think the potential for INLD is huge if management continues to execute. We’ll see. It sure seems like a good gamble with more influential funds jumping on board.
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