Microcap Speculator submits:
My latest purchase was microcap stock GlobalScape (GSB), a file transfer software and managed services company. Computer users know it best for its low end FTP products, CuteFTP and CuteFTP Pro. But that’s just a small fraction of its business. The revenues are mostly from the more advanced, server-based file transfer programs like EFT Server and EFT Server Enterprise. Managed file transfer services are also growing.
OK, so the business is pretty boring. For a tech company it’s difficult to find something more mundane than file transfers. As a stock, however, GlobalScape has a lot to offer. I bought GSB over the last several days at $1.46 to $1.49. Here are three reasons why: