Our week began with news of QAD’s (QADA) pending sale to private equity firm Thoma Bravo for $2 billion. Full details are in our report, “Thoma Bravo to Acquire QAD for $87.50 Per Share in Cash,” but the highlights include a purchase price representing a 20% premium to the last closing price of the Class A shares and a valuation of 5.9x revenue on a TTM basis.
Read MoreSoftware stocks were largely in the red this week, but we were encouraged to see Stamps.com (STMP) double the size of its current share repurchase authorization to $120 million in response to the market volatility of late.
Read MoreThe one thing we can count on each earnings season is a dramatic reaction to Stamps.com’s (STMP) results and outlook. In a seeming repeat of last quarter, the company posted another significant beat across the board highlighted by continued strength in new customer acquisition.
Read MoreResults from the initial slate of off-calendar reporting companies were generally well received and largely reflected the varying degrees of resiliency and recovery highlighted by those following the traditional reporting cycle.
Read MoreAs the fate of the United States Postal Service’s (USPS) customized postage program hangs in the balance, Stamps.com (STMP), Minted.com and the Alliance of Nonprofit Mailers all filed comments with the Postal Regulatory Commission in favor of leaving the program intact with perhaps a few minor modifications to resolve an outstanding USPS legal issue pertaining to a customer’s desire to order PhotoStamps with “some pleasant, innocuous Christian images.”
Read More