Tucows reports 4th Quarter Results on February 9

     Yes the CEO,Elliott Noss, is working on the fourth quarter report in order to be ready for the February 9 publication.Both Tucows and it's CEO have been the subject of several blogs on Workathon,Blogdaleupsome on the Blogger website  and Econothon on the Wordpress website.The message has been to stop total reliance on registering and cataloguing internet domaine names for their earnings.And also to make more than one acquisition in a separate but closely related field.As Tucows has relatively few shares outstanding and little debt (recorded on it's balance sheet).Still this blog is aware that Noss has hired two top talented staff to work for it's subsidiary called Ting,a mobile internet service.So what can Elliott Noss tell shareholders in it's fourth quarter and 2020 annual report?

       Domaine Names

   Mr. Noss has not completely ignored the messages given on Workathon dated July1,2020 and Blogdaleupsome on November14,2020.The message is the same as the one given several times in 2019.Whether because of this advice or for other reasons Tucows started to sell off domaine names in Q2 of 2019.This bloated earnings and cash flow but reduced revenues.It also appears that some of their high salaried board members($500,000/yr.) have been dropped which, if true,has created significant savings.So revenues have been reduced but expenses have been pared down.Although e.p.s. has remained substantial their P/E ratio moved from 20 to 50.            

         But the Share Price is just Fine

    So e.p.s. remains substantial but the P/E ratio has increased.This is because the share price has fallen only slightly from it's high reached in 2019.Investors remain confident that Elliott Noss will produce new earnings.And,in fact, the share price has not suffered tremenduously.It has drooped, down to the $85 area, but then bounced back up in the $100 area where it now remains.This blog feels the secret is connected to the arrangement made for it's small mobile internet company called Ting in southern U.S.A. with the DISH network.It has even taken on new staff to manage Ting.Tucows has told shareholders that it has little equity left in Ting.But Noss has been silent on his position and the equity in the high-flying DISH stock.Although no new shares have been raised to buy DISH stock Tucows may have an option to buy at an earlier,cheaper share price.Right now many shareholders are hoping that is true but we should know more on February9.  www.woodbridge.com   ;www.canadianmoneysense.ca