Tucows awaits Shareholder Report

    On May8 Tucows released it's first quarter report.There were few surprises in the report-especially to this blog.Although adjusted EBITDA was up 34%, revenues were only ahead by 6% and net income by 1%.So e.p.s.went from $.26 per share to $.27.Tucows is in a mature market with competition and needs to find alternative revenue producers.This blog has been saying this for many quarters now.But there has been no changes made.See blog on www.site123.com on 05/11/2020.
    Tucows tells shareholders that about 35% of revenues come from access networks and 35% from value added services and about 25% from domain services.And as most shareholders know access and domaine names require little management.In fact, Tucows (under pressure) sold some of it's domaine name portfolio in 2020.But it also made an acquisition of a domain name wholesaler called Ascio in March  2019.It also made a small acquisition called Cedar Holdings that appears to be a mobile internet provider to increase the footprint of it's long held mobile internet provider called Ting.
    Moving Lawn Chairs on the Titanic
    These changes are tantamount to moving around a few lawn chairs.There needs to be a change in structure that will promote new growth.And that is why many shareholders are awaiting the proposed report to major shareholders on or around May 31.It will be presented to major shareholders by Laurel Hill and one or two consultants.There may be a concrete proposal about new directions to take as well as a proposal to remove several board members that are paid too much for guarding domaine names.Either way this report should improve Tucow's bottom line almost immediately.And that should send the share price into the $90 level before Q2.               https://www.zacks.com/