Rand Worldwide, Inc. (OTCMKTS:RWWI) Climbing The Charts

[[tagnumber 0]][[tagnumber 1]]Rand Worldwide, Inc. (OTCMKTS:RWWI) is definitely a gem in the OTC markets judging by the fundamental, but somehow investors aren’t attracted to its stock that much and the ticker rarely shows decent percentile movements or volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It is no wonder, however, that there might be some big players wanting to step in and take over the management of [[tagnumber 6]]RWWI[[tagnumber 7]]. This is most probably the reason for which the company announced a self–tender offer back in the end of September, which stirred things up a little bit.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The tender offer was for up to 27,530,816 shares at a price of $1.20 per share. A self–tender offer is a technique usually used in order to avoid any risk from a hostile takeover by acquiring more than 50% of the company’s stock. [[tagnumber 6]]RWWI’s [[tagnumber 7]]target was 50.5%. In the end they managed to buy back 25,849,945 shares for an aggregate price of $31 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Let’s look at the financials of the company and see what makes it so attractive. Its current market cap is sitting at $96 million and here are the numbers of prime interest contained in [[tagnumber 6]]RWWI’s [[tagnumber 7]]report for the yearly period ended June 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 23]] [[tagnumber 24]]cash: $9.55 million[[tagnumber 25]] [[tagnumber 24]]current assets: $29.09 million[[tagnumber 25]] [[tagnumber 24]]total assets: $58.75 million[[tagnumber 25]] [[tagnumber 24]]current liabilities: $16.08 million[[tagnumber 25]] [[tagnumber 24]]annual revenues: $47.82 million[[tagnumber 25]] [[tagnumber 24]]annual net income $8.59 million[[tagnumber 25]] [[tagnumber 36]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Comparing [[tagnumber 6]]RWWI [[tagnumber 7]]to other entities on the OTC markets that are heavily traded and have far worse financials is somewhat of a joke. That might be the reason for the attention that the company stock has received over the past month and in the first sessions of November.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After it was announced that the company has managed to buy back 47.4% of its common stock the ticker began to climb at increasing speeds. In Tuesday’s session [[tagnumber 6]]RWWI [[tagnumber 7]]recorded its biggest dollar volume in a while, as it climbed 9.42% up the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday the gains were even bigger and the ticker closed 15.89% up, at $1.75 per share. The amount of shares that switched their owners, however, was smaller and the 98 thousand that were traded generated a daily dollar volume of $160 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Will [[tagnumber 6]]RWWI[[tagnumber 7]] continue its upward climb is for time to tell. In any case, it is a company worth taking a look at, but as always, be sure to do your due diligence and weigh out the risks before investing.[[tagnumber 2]]