“Oracle is focused, focused like a laser on one goal over the next few years: becoming the number one company in Cloud computing's two most profitable segments: software-as-a-service, SaaS; and platform-as-a-service, PaaS.” · Larry...
READ MORE >Yesterday we had the opportunity to tour the floor at the National Restaurant Association’s 2014 annual conference. We wanted to pass along some key observations from our time in the exhibit hall. As you might imagine given our...
READ MORE >For the past 6-9 months we’ve been screaming from the mountain tops (or this molehill depending on your perspective) that much of MCRS’s recent revenue growth has been largely a function of...
READ MORE >Earlier this week we had the opportunity to attend the Southeastern Acquirers Association annual conference. The event was largely attended by merchant acquirers, ISO’s, and hardware providers in the payment processing industry. While we...
READ MORE >Stasis is MCRS’s best asset. That’s our grand takeaway from the company’s investor day. Otherwise, we can’t help but wonder how bulls on the stock feel about the company’s growth prospects and management team. Those who were...
READ MORE >The purpose of this report is to address several critical questions surrounding MCRS and the company’s future growth prospects. In general, we would argue that most of these queries aren’t part of the general...
READ MORE >“Hope is a dangerous thing. Hope can drive a man insane.”Morgan Freeman (Red), Shawshank RedemptionWe are not alone in this. There’s no shortage of short sellers who lament the action in...
READ MORE >Yesterday we had the opportunity to tour the floor at the National Restaurant Association’s 2013 annual conference. We wanted to pass along some key observations from our time in the exhibit...
READ MORE >When we initially introduced MCRS as a short idea roughly 8-months ago, here were the principal tenets of our thesis: The elimination of the hardware “tether” could result in rapid share gains...
READ MORE >MCRS reported a quarter that was as uneventful as it was uninspiring. Ultimately there were operating metrics that improved somewhat and those that could be construed as confirmation of our short thesis. Below we discuss the key positives and negatives from the quarter.
READ MORE >Over the past month, PAA Research conducted a survey of approximately 80-85 restaurant operators a significant percentage of which are clients of OPEN and MCRS. The general purpose of the survey was to gain...
READ MORE >Yesterday we had the opportunity to tour the floor at the National Retail Federation’s “Big Show 2013”. We wanted to pass along some key observations from our time in the exhibit hall. As you might imagine given our outstanding short call on...
READ MORE >SELL/SHORT
$4
SELL
$50
SELL/SHORT
$45
SHORT
$18
SELL/SHORT
$5
SELL/SHORT
$42
LONG
$75
LONG
$128
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SHORT
$28
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0