Tucows stock is on a tear
Tuesday, March 20th, 2012
Stock up over 40% in past month.
Shares of Tucows (TCX) have been on a tear over the past month.
After trading in a fairly narrow band since August, shares have popped 41% since February 16.
Shares opened February 16 at $.76 and closed at $.88. The stock had another nice pop on March 13, when shares jumped from $.95 to $1.05.
Tucows owns the OpenSRS domain reseller platform, retail domain registrar Hover, a large domain portfolio, and software download and computer information sites.
The company has aggressively used its cash flow from operations to buy back shares. Last Friday it announced it was recommencing its $10 million share buyback program.
Tucows isn’t returning all of its cash flow to investors in the form of share buybacks, though. It is also expanding its product lines including entering the U.S. mobile phone market with Ting.
As one of only a few publicly traded domain registrars, it will be interesting to watch what happens with Tucows next year as new top level domains are rolled out.