June 22, 2005
SpeculatingStocks.com Stock Pick: Tucows Inc. (TCOW)
Stock Price: $1.00 (short-term strong buy)
Tucows Inc. is a provider of wholesale internet services and back office solutions to a global network of more than 6,000 web hosting companies. Tucows' back office products include a billing system and customer relationship management solutions.
TCOW released last Thursday that they have filed to list their stock on the American Stock Exchange and the Toronto Stock Exchange. This would take them off the bulletin board exchange and one step closer to the Nasdaq. The upside experienced in the last two trading days could be due to a possible move off the OTC BB in the very near future.
The company recently acheived its 11th consecutive quarter of profitability. Net revenue was at $11.8 million while profit settled at $400,000.
TCOW reached $1.16 today before giving most of its gain back.
SpeculatingStocks.com Target Price: We expect TCOW to reach $1.50 within the next 1-2 months.