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NOVC ultimate value play.
Posted by: poolgmac (IP Logged)
Date: August 25, 2013 09:19AM
NOVC board of directors is buying big time see Form 4s in addition CEO and COO bought 200k and 100k CS respectively. WHY ARE INSIDERS BUYING
NOVC strategy IMO is to invest in greatideas see twitter handle @GrowGreatIdeas they hold a massive DTA which is GAAP for 2 tax benefits NOL and Unrealized tax losses. AT THEY RIGHT TIME THEY WILL HARVEST CAPITAL TAX FREE.
NOVC owns about 100% of Adventtax.com (peer NTSP which Goldman Sachs took public a few yrs ago just sold for $ 1.4B to TSS) and has partnered with WU (guru Scott Black has been buying) and CorvisaCloud a Twilio Partner. The big upside will come from third co www.streetlinks.com which they own 91% of management owns about 9% quickly becoming the defacto leader in amc (residential appraisal profession). This AMC market is est $5 Billion must have market. Since NOVC acquired SL IN 2008 $0 to $178M in gross revenue for 2012. SL is at inflection and ready to scale. True Value per Peter Lynch Chart at 15 PE is 10 PPS.
Stocks Discussed: NOVC,