Lots of positive developments going around in the company:
1. JV with Apollo International; Lycos will hold a 49% stake with Apollo’s share at 51%
2. Michael Mauldin, founder and inventor of Lycos has rejoined the company after 17 years. http://www.mediapost.com/publications/article/256827/lycos-inventor-michael-mauldin-returns-as-company.html
3. Venturing into wearable technology and IoT
Chairman & CEO Suresh Reddy is confident of 20-25% revenue and EPS growth in FY16 and also planning a UK/US listing on NASDAQ. https://www.youtube.com/watch?v=tTdWIJ0Nsb0
Stock has taken a lot of beating despite decent results and is available at a P/E of 4!!
Disclosure: Invested
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