Public and private K12 schools across the country are reopening today and for the first time ever students in many parts of the country are being forced to attend classes remotely on their computer. We all know about the unbelievably huge gains achieved by Zoom in 2020. For weeks, NIA has been searching for an undiscovered/undervalued remote learning play. NIA believes that it has discovered a company that is about to become one of the hottest remote learning plays of 2020: Support.com (NASDAQ: SPRT).
SPRT has only 19.08 million shares outstanding for an extremely low market cap at $1.98 per share of $37.78 million. SPRT is sitting on a huge cash position of $29.69 million with no debt... giving it an enterprise value of only $8.08 million. SPRT has generated trailing twelve month free cash flow of $5.529 million! This means SPRT is trading with an enterprise value of only 1.46X free cash flow!
All school districts shifting to remote learning need to provide some sort of a remote technical support solution to teachers, students, and parents. We have good reason to believe that many school districts have chosen SPRT to provide remote technical support services for e-learning! Look for the millennial Robinhood traders to discover SPRT very quickly! It's a very easy concept for them to understand!
We are giving SPRT a confidence rating of 100!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. We do not own a position in SPRT and our suggestion of the stock is completely unbiased. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
