Monday, March 4, 2013

Performance Update for Week of 2/25 - 3/1

As shown below, our numbers do not look as good as they did the prior week.  In fact, after AVID surged nearly 18% to $8.00, the announcement of internal review of its revenue recognition method and postponement of Q4 earnings release, dragged down the stock more than 13% in one week.  We are still trying to get more color regarding this issue, but have not yet gotten our hands on additional information.  Performance of our other names has also not been very impressive.  But we must note that BCOR and IACI are value-plays, which means it may take some time before the market can recognize what we believe to be their fair values.

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