We are issuing a strong buy on shares of TSCM, with 3-6 month price target of $5 and a 1 year price target of $10. TSCM is in the internet(consumer) sector, a sector that is part of our bottoms up industries investment thesis.
TSCM has 82 million in cash, no debt, and currently has total market cap of 77 million. GOOGLE on the other hand trades at 7xs their cash value. TSCM at 7xs cash value would be a $20 stock. This seems to aggresive as TSCM is certainly not on par with Google. However, giving it a conservative 2xs cash value, gets you 100% return from todays price.
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