Tucows starts to Transform into More of a Technology Stock

       This blog made several attempts on other websites (see Workathon-Blogger dated 11/07/2019 and 02/04/2020) to suggest that Tucows,a junior technology stock,needs to change it's management style and it's business model.It has relied too much on registering and cataloguing internet domaine names.This is more of a technical rather than technological business.Furthermore it is prone to competition.And it certainly does not require a 7 member board to get paid $300,000-$500,000 salaries each in order to accomplish it's mission.
      Earlier Blogs
  Tucows started off as a small software company.My earlier blogs suggested it acquire other small internet software companies in order to diversify it's revenues.One of these suggestions was to get into online advertising by acquiring smaller internet advertising companies.But in fact it acquired other domaine registration companies.So that now it has a fairly large stable of domaine names plus a small internet provider in southern USA.Tucows is not a complex technology stock but it is profitable.On an e.p.s basis it is more profitable than much larger software companies like Kinaxis and Shopify.And that is because it has steady earnings with little growth and a small number of outstanding shares.And that is because Tucows' management has until recently adopted a very passive style of management and so has not increased it's capital structure substantially for the last 4 years.    

     Starting to Change
  This blog has recommended a consultant look at selling off some parts of Tucows and acquiring other parts.It has also recommended some changes in the board members (especially the CEO) and a reduction in salary for all board members.None of this appears to have happened yet but there have been new hires recently.This presumably is for new functions other than registering domaine names.Also a new Director of Marketing has been hired for the cloud and SaS activities.However no new acquisitions and no new equity issues have been made yet.      

    Tucows has been as high as $120/share within the last year.This blog believes that investors thought that some of it's suggestions had been taken.When investors discovered it was the "same old Tucows" the price retreated to the $70 area.Now it has moved up to the $77 area on the possibility of Tucows changing from a technical company to more of a technological company.      www.motleyfool.ca  https://www.goodblogs.com/