NEW YORK, NY — (Marketwired) — 09/17/14 — uSell.com, Inc. (OTCQB: USEL) (“uSell”), a leading US-based re-commerce marketplace that instantly finds cash offers for used smartphones and other electronics, has caught the eye of John H. Ford who has spent the last 30 years analyzing startup companies. Ford has released his latest report on Seeking Alpha which is a thorough look into uSell, a company he calls extremely undervalued, undiscovered, with excellent fundamentals and game changing technology.
Read Ford–s report:
Ford–s experience started with his very first company being purchased by Johnson & Johnson, and since, he–s spent decades getting involved with young companies like uSell. As Ford explains in his report, uSell is currently valued at $20 million, fully diluted, but his analysis shows an even greater value. “I estimate that the company should be valued above $60 million today, and could be worth considerably more within 12 months if the current level of revenue growth remains on track.”
According to Ford, customers are buying into uSell–s concept. “From a customer perspective, some aspects of uSell–s business model are superior to eBay–s, which is a prime reason uSell–s revenue growth is so impressive. Customers are recognizing that when it comes to selling devices, it–s much easier to do so with uSell. This also makes uSell a buyout candidate for eBay.”
Some of the highlights from Ford–s research:
Recent insider and institutional buying confirm uSell–s undervaluation
uSell–s business model has been validated by partnerships with Fortune 100 corporations
NASDAQ up-listing will be a positive catalyst for shareholders
92% gross margins and low overhead give uSell tremendous profit potential
Strong cash position and no debt amplify undervaluation
uSell just reported 40% year-over-year revenue growth for Q2, and Q4 results could be considerably better
Since technology is constantly changing and consumers crave the latest electronics, Ford says uSell presents a particularly attractive business model based on scalable software, no inventory expenses, and minimal infrastructure, and he expects the company–s revenue to continue to grow.
Read Ford–s report:
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