Added to YB: 2024-02-05
Pitch date: 2024-02-05
WAVD [neutral]
WaveDancer, Inc.
+89.82%
current return
Author Info
Company Info
WaveDancer, Inc. develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations.
Market Cap
$4.7M
Pitch Price
$5.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.67
P/E
-3.37
EV/Sales
0.61
Sector
IT Services
Category
special_situation
WAVD Strikes A Nerve With Us
WAVD selling COBOL biz to CEO for $1.5M (<0.2x sales) to reverse merge w/ Firefly Neuro; mgmt rationale questionable given recent wins ($19M gov contracts) & industry tailwinds (IBM/Amdocs M&A); move may undervalue biz & deprive shareholders; board should explore alternatives
Read full article (14 min)