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Strategies & Market Trends : Fundamental Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (1945)	7/17/2012 3:54:09 PM
From: NikhilJog	1 Recommendation Read Replies (2) \| Respond to of 4719

Well i sent it to sergio earlier and here are my initial thoughts on the company..... Dell - you guys already have the analysis on it. I belies it to be a Long term buy. NBR - another firm i am working on, which i think has atleast a 50% upside with a 15% downside in short term. And NSR - these are my notes not complete analysis - NeuStar was created in 1996 to provide clearinghouse services to the telecommunications industry. Manage number portability for both landline and mobile meaning when a customer wants to change providers and want to have the same phone number - NSR does it. NSR provides addressing and routing for every single phone call and text message in U.S. Operates under long-term contracts with all telecom firms with annual escalators of 6.5%,until 2015. NSR has been flawless under contract for the past 15 years. There are 4700 telecom. Virtual monopoly in the US so NSR is very valuable to whole network and not easily replacable. That business is 50% of NSR of revenue. 2nd business is enterprise which services the Internet infrastructure space. NSR addresses and routes about 20% of all Internet traffic globally. Emerging growth opportunities include network security services; majority enterprise rev. is subscription-based, so easy to predict. How does it work - If I make a phone call, either on a land line or a cellphone, and I'm trying to find your cellphone, the phone call essentially goes up into the cloud and through NSR databases. Also acquired Targus because of which NSR can provide real-time use in marketing, advertising, and customer support. Trading at less than 10x 2013 cash earnings, and the stock could double in the next year or two. Good management, smart acquisitions and past year bought back 12% of the shares. RISK: The NSR contract with all telecommunication firms runs through the middle of 2015 but NSR is the single vendor in the space. NSR renewal process for the contract starts in 1H 2013. The risk of losing their contract is almost nil, bcs the complexity they are dealing with and the investments made by those 4,700 telecom entities in connecting with NSR. Additionally NSR’s performance has been flawless.