Surge Components(SPRS) analysis

Summary:
-Since my original thesis, Surge Components has bounced back in forth, relatively around the same share price.

-Revenues are up 10.5% and the cash position is slowly growing.

-The margin of safety has increased due to a steeper discount from the NCAV.

-Management’s announcement of a $500,000 buyback program is a step in the right direction for putting their cash to work.

-The company is a great target for an activist investor looking to unlock hidden cash value.

Full analysis can be read at:http://seekingalpha.com/article/3893156-surge-components-activist-investors-apply