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| Promoter: | PennyStockLocks.com | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| IPDN | No compensation | UNKNOWN |
| Max Profit: 56.27 % | Gain at close: 15.63 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Members,
Act fast because this one is going to move in a hurry!
Please turn your immediate attention to IPDN (Professional Diversity Network Inc.).
We are long overdue for big winner, and we believe that IPDN is our best bet to get us back to our winning ways!
This tiny float NASDAQ listed company has found its bottom, and appears primed and ready for a bullish chart reversal.
IPDN is down nearly (-90%) from its 52-week high of $5.50, but with recent announcements of a company stock buyback and strong Q3 earnings, we believe IPDN shares are well on their way to a $1.00 and beyond!
About the Company:
Professional Diversity Network, Inc. develops and operates online networks dedicated to serving diverse professionals in the U.S. It operates an online professional networking community with career resources specifically tailored to the needs of different diverse cultural groups, including women, Hispanic Americans, African Americans, Asian Americans, differently-abled, veterans, lesbians, gay, bisexual and transgender, and students, and graduates seeking to transition from education to career. The company operates through three segments: (i) PDN Network, (2) NAPW Network and (3) Noble Voice operations. The PDN Network segment consists of online professional networking communities dedicated to serving diverse professionals in the United States and employers seeking to hire diverse talent. The NAPW Network segment consists of the women-only professional networking organization dedicated to helping its members develop their professional networks, further their education and skills and promote their businesses and career accomplishments. The Noble Voice segment consists of the company’s lead-generation operations and sales as well as its career consultation operations, which provide companies seeking diverse talent with a sourced, qualified and ready to employ diverse job candidate. The company was founded by Rudy Martinez on October 3, 2003 and is headquartered in Chicago, IL.
IPDN is coming off of one its most impressive quarters in history.
In the month of September, IPDN took a big step forward by achieving their previously stated cost savings goals. It was their best single month from an unaudited EBITDA perspective since they became public in March 2013. They were nearly break-even on an adjusted EBITDA basis for all of our business units.
They have eliminated certain expenses related to marketing and personnel to achieve near EBITDA break-even, with gross profit margins of 84%. Their strategic plan is to be positioned to achieve profitability and began a growth cycle. All three of their products sectors are now at or near adjusted EBITDA break-even.
In doing this, they hit a major milestone and their plan to cross over into profitability is within sight. They trimmed the fat and adjusted the course to position the Company for highly profitable long-term growth.
Their plan for the combined businesses of NAPW, PDN, and Noble Voice is to create synergies. These synergies will be achieved on both the cost and revenue sides of the combined businesses.
At first, they thought that they could cut $3 million to $4 million out of the combined annual expenses of their business units and reach profitability in early 2016. As it turned out that they have actually cut about $6 million an annualized run rate basis and they expect to cut another $1 million of annual expenses as they can continue to consolidate offices.
They were also very close to break-even on an adjusted EBITDA basis in the month of September, so it's fair to say that they are a bit ahead of our internal plan.
On the revenue side as stated in our their Q2 report, they have chosen to back off on lower margin business operations.
The Company's emphasis is efficiency in sales over sheer numbers. In the short-term, They're fine-tuning our revenue model. Rather than hiring more and more salespeople to chase leads, They are providing existing salespeople with more and better leads, adjusting incentive structures, enhancing sales training, and increasing sales supervision.
IPDN's third quarter revenue was $9.3 million. That was up 493% over the year ago quarter.
IPDN's gross margin was 84% in the third quarter. It has been running 84% to 85% range since the beginning of 2015, when they began operating as a combined Company. It is well above the 73% gross margin in the comparable quarter of the last year, which speaks to the fact that their combined business is greater than the sum of its parts.
The high gross margin provides significant operating leverage and also bodes well for their future profitability. IPDN has spent a lot of time bringing the costs in line in revenue - with revenue -- and they were very close to adjusted EBITDA break-even in the month of September.
In October, IPDN announced that its Board of Directors has approved a share buyback of up to $1.2 million of its outstanding stock. This buyback is set to begin in 2016 and is expected to be funded from the Company’s free cash flow.
The Company has scaled its existing platform for profitable growth under the current capital structure and plans to use its free cash flow to build shareholder value by virtue of this planned buyback. “We made multiple, accretive acquisitions during 2014 with an eye toward being profitable by the end of 2015,” said Jim Kirsch, CEO. Kirsch continued, “Over the past year we have integrated three companies, identified synergies and eliminated redundancies, and continued to manage toward profitability. Our Management and our Board share the belief that our stock is undervalued. As we enter the fourth quarter, our goal is to achieve sustainable positive cash flow from operations. Our previous investments into our business platform position us to grow our revenues without additional or reinvested capital from operations, and, we are therefore committed to maximizing shareholder value by reinvesting our profits into our own stock.”
We love the fact that IPDN's board, which includes the the company's President Star Jones, has approved a share buyback.
Many of you know Start Jones from her stint as a host on 'The View', but she is also a world renowned lawyer, journalist, writer, fashion designer, and women's diversity advocate.
Share repurchase is usually an indication that the company's management thinks the shares are undervalued, and after seeing those Q3 numbers and strong Q4 guidance, we'd have to agree that IPDN is truly undervalued at these levels.
Market Outlook:
Balance sheet supported by $6.4 million in cash and short-term investments and over $56.1 million of stockholders’ equity, gross profit margins of over 84% as of June 30, 2015 We believe IPDN is uniquely positioned to be the leading resource to reach and recruit diverse talent among the audience of almost 72MM women and 55MM diverse Americans in the US workforce*
Intensifying regulations to hire diverse candidates have increased employers’ need for diversity recruitment outreach and hiring
Increasing momentum: $10.3 million in unaudited sales bookings in the second quarter of 2015, versus $1.2 million during the second quarter of 2014
Registered users during in the first half of 2015 increased 44%, with over 5.7MM users in IPDN's user base and over 700,000 in their NAPW database
Proprietary technology is now increasing web traffic, job seeker applications and operating efficiencies
Currently providing diversity recruitment services for some of the nation’s largest employers
Technical Analysis:
IPDN's shares have taking a beating over the past few months, but we believe that a bullish chart reversal is about to take place.
IPDN hit its 52-week low of $0.50 on October 19th and has held strong since.
At its current share price of $0.58, traders now have the opportunity to grab up shares at an almost 90% discount from its 52-week high of $5.60!
A move back to $5.60 would represent potential gains of over +865%!
That would be like turning $1,000 into $9,650 in just one trade!
A more realistic move past $1.00 would still nearly double your money!
Let's not forget that the float on IPDN is very tight at just 2.22M!
With a float that tight we could see lighting fast double, possibly triple-digit moves today.
This is your best opportunity for easy gains before the weekend!
Don't hesitate another second, get IPDN up on your screens, and ready to trade!
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
For more information on IPDN, please visit their website: www.prodivnet.com
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Best Regards, |
The PennyStockLocks Team
P.S.
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