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knight933

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Everything posted by knight933

  1. Liberated Syndication (LSYN). Check them out - $40M unknown OTC traded company that is the leader in podcasting hosting. By hosting, I mean they earn a recurring monthly fee from every podcast on their platform (on top of a chunk of their advertising) for providing this service so people don't have to host on their own website and crash it. They have about 25%-30% market share from my best estimate so they have a real moat. Growing +20% a year, EBIT margins over 41%, and almost no capex so it is a FCF machine. Stock has sold off from $1.90 to $1.60 even AFTER they did an M&A deal beginning of this year that nearly doubles earnings and is super accretive. By my guess it trades at 5x - 7x FCF using very conservative assumptions. Check out the yahoo message board - there is more discussion on it there. (I might start a new message thread here about it actually).
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