Update Feb 11, 2019 on Stingray

Stingray is still digesting the 2018 huge¬†transformational acquisition of NCC and with their subscriber base reaching a new high of over 356,000, it allowed¬†adjusted free cash flow to double to $16 million. During the third quarter, three new apps were launched: The Voice, Piano Academy, and Stingray Classica while the launch of Stingray Karaoke and Stingray Qello on The Roku Channel is slated into 2019.¬† So as the stock drifts around the $6.50 due to a lack of “sizzle” news from a small-cap stock, we continue to like the progress and accumulate this stock between $6 and $7.