- This post expresses a bullish view on SmartPros, Ltd. (SPRO)
- SmartPros generates material cash flow and trades at a low valuation
- Its CEO, Allen Greene, has built a strong track record since taking over the company in 2001, in terms of making intelligent acquisitions, steadily increasing the cash flow of the Company’s underlying business segments, and acting in a shareholder-friendly manner
In this post, I’m going to discuss a microcap called SmartPros Ltd., which trades under the ticker SPRO on NASDAQ. SmartPros is a small continuing education provider for the accounting, engineering, legal and finance industries. It’s a well-managed microcap that generates decent cash flow, and trades at a low multiple on all valuation metrics, particularly any valuation metrics that focus on cash flow. That cash flow should grow steadily over time…