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Short Term Trading Week Starting: 11 Feb, page-70

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starsky

474 Posts.

24

14/02/19

10:05

Post #: 37432975
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Originally posted by starsky: ↑

STTCOMP CNW FA LONG

CNW: Cirrus Networks is an IT solutions integrator, which has grown from the west coast to the east cost through acquisition. They are roughly cashflow breakeven. Market Cap $21m, Revenue ~80m. The are transitioning to more sustainable revenue growth models.

After a long sustained down trend, and a former majority shareholder selling out, the substantial overhangs are gone. Thye are a prime target for a rollup or Management buyout.

Technically, on a 5 year trend, the long term down trend has ended, and then moved sideways for a year, and has now jumped above resistance on volume:

Disclosure: Buy: Long term holder.

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And Boom +20% this morning

XAO Value at posting: 6,144.2
2 Upvote

0 Great analysis

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