Zacks.com Announces That Bill Martin and Matt Ragas Highlight the Following Stocks: Tucows, Register.com, and Mamma.com.CHICAGO -- Bill Martin and Matt Ragas, editors of the FindProfit newsletter, are not surprised to see billionaire Mark Cuban's interest in Tucows (AMEX AMEX See: American Stock Exchange :TCX TCX Thomas Cook Airlines, UK (ICAO code) TCX Twin Cities Experience (Campus Crusade for Christ) TCX Trans-Compression TCX Turbo Cad Drawing as Text ). Also read about Register.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RCOM RCOM En Route Communications RCOM Recovery Communication ) and Mamma.com (NASDAQ:MAMA). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84 Highlights from the August 23 Featured Expert column by Bill Martin and Matt Ragas include: Mark Cuban Mark Cuban (born July 31, 1958 in Pittsburgh, Pennsylvania)[1] is an American billionaire entrepreneur.[2] He is the owner of the Dallas Mavericks, an NBA franchise[3] and Chairman of HDNet, an HDTV cable network. Discloses Stake In Tucows Shares of domain registrar See domain name registrar. and `Net services firm Tucows (AMEX:TCX) are up nearly 20% today after billionaire Mark Cuban disclosed late yesterday that he now holds an almost 9% stake in the company. In a 13D filing with the Securities and Exchange Commission, Cuban revealed that he now owns more than 6.11 million shares of TCX, or an 8.9% stake in the company. Cuban began his buying in Buying in has several meanings. In the securities market it refers to a process by which the buyer of securities, whose seller fails to deliver the securities contracted for, can 'buy in' the securities from a third party with the defaulting seller to make good. late June, picking up 3.3 million shares in a range of $0.94 to $1.04 per share between June 21st and July 15th. Cuban then added to his stake beginning on August 11th, when he bought 2.5 million shares at $0.90 per share via TCX`s secondary offering (it`s not yet clear who the other buyers were), which saw existing shareholders sell 21.82 million shares and the company sell 410K new shares. Since then, Cuban has bought another 311,700 shares in a range of $0.87 to $0.92, with the most recent buy coming on August 19th. Cuban`s cost basis on his TCX holding is 96 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . Cuban`s interest in TCX is, of course, not surprising. Bill Martin and Matt Ragas have mentioned a number of times that Cuban likes the company, something he revealed in March when he posted a list of his public holdings on his weblog See blog and Web log. (World-Wide Web) weblog - (Commonly "blog") Any kind of diary published on the World-Wide Web, usually written by an individual (a "blogger") but also by corporate bodies. . The outspoken Cuban has said very little about TCX to date, though over the weekend he told a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times reporter that his TCX holding was ``complimentary`` to his more than 13% stake in Register.com (NASDAQ:RCOM). Cuban is currently preparing to vote against a $202 million takeover offer for RCOM from private equity firm Vector, and Martin and Ragas had suggested in the past that his interest in RCOM and TCX could eventually lead to a merger of the two companies. With the Vector deal, however, RCOM looks to be off the market, which makes Cuban`s bet on TCX all the more intriguing. As Martin and Ragas noted before, Cuban has a mixed investment record, but he is worth watching. He`s currently set to reap about an 11% return on his RCOM investment, and he`s done fairly well on smaller `Net names like Mamma.com (NASDAQ:MAMA). He`s also the type of high-profile investor that TCX needs to garner some attention from analysts and hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . Read Bill Martin and Matt Ragas' complete commentary and discover their analysis on a daily basis by clicking: http://at.zacks.com/?id=85 About Zacks Featured Experts Successful investing requires professional advice from knowledgeable experts who can help investors achieve their financial goals in good markets and improve their portfolios, especially in bad ones. That is why Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. has assembled the best investment experts in the business to offer their powerful advisory newsletters on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc. Additional recommendations from Zacks.com Featured Experts are highlighted in the free investment newsletter, Profit from the Pros. Each issue highlights several Featured Experts in this free e-mail See Internet e-mail service. newsletter. Register for a free subscription to "Profit from the Pros" at: http://at.zacks.com/?id=86 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register now for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=87 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
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