TIXC Message Board

 

Mahyar Hashemi
12/13/13.8:52.PM

News In Las Vegas, TIX Corporation (TIXC) ...

66

 

Daniel Lee
05/08/10.9:13.AM

I See We Have Some Smart People Her...

86

 

Daniel Lee
05/08/10.9:13.AM

I See We Have Some Smart People Her...

83

 

Peter York
04/07/10.12:50.PM

News Just two weeks ago, I wrote that Tix...

1004

 

Peter York
03/25/10.12:54.PM

Analysis Last week, after having its stock pri...

717

Tix Corporation Featured Analysis

 

Tix Corporation Stock Volume and Price Rises on Valuation, Executive Change

by Peter York, Published: April 7th, 2010 12:54 PM CDT

Just two weeks ago, I wrote that Tix Corporation (NASDAQ:TIXC) was trading at a considerable valuation discount to the market given their latest report and projections.

Today, somebody (or some institution) is apparently agreeing with that assessment.   Tix Corp volume is well over five times normal levels at the time of this publication and the price has risen 20%.  Even after this rise, given the stated projections for the year by management, the company is trading at only around 10 times GAAP earnings based on their latest conference call guidance and around 5 times adjusted earnings projections.

In my article two weeks ago I complained that the company ought to provide non-GAAP figures for its shareholders.  It's possible that with today's announcement of a new CFO, Tix Corp plans to begin providing adjusted figures, which will better reflect the valuation opportunity.  With a strong balance sheet, positive cash flow, and minimal tax obligations due to past losses, this company is a strong buy with a market cap that deserves to be at least double where it is currently trading.

What could be most bizarre about the company is the fact that its share price was rocked by a large shareholder who had to sell his shares due to a margin call, according to the company's CEO.  Tix Corp stepped in and bought some of those shares.  But the damage had already been done.  Perhaps even more bizarre is that it has taken this long for a larger outside buyer to begin to recognize the opportunity presented by that massive sale.  Sure, it never helps when a company has no sell side analysts, no significant…

Tix Corporation SELECTED ARTICLES

 

Tix Corporation Stock Volume and Price Rises on Valuation, Executive Change
Just two weeks ago, I wrote that Tix Corporation (NASDAQ:TIXC) was trading at a consid...

 

Tix Corporation Trade Presents a Good Opportunity
Last week, after having its stock price drop by approximately one third in 3 months and...

Market Rap's All Time Top TIXC Pickers

  Rank Return Last Action Trades Name Pic
 

1

-3.2%

Buy`TIXC`@`1.26

1

Peter York

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