BUZZ-Points International Ltd: Report says stock overvalued

Mon Jul 28, 2014 2:50pm EDT
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** Canadian e-commerce service provider's U.S.-listed shares down 14.15 pct at $18.49

** Commentary on Seeking Alpha website says stock's intrinsic value is closer to $5.50 per share (

** According to Thomson Reuters data, stock's intrinsic value is about $9.54

** "The company's promotional management team has mischaracterized organic growth, hidden substantial customer concentration, and promoted new partner wins that will have minimal actual impact on the business," the report says

** Short interest on stock has been rising since March to about 5.5 pct of shares outstanding, according to Thomson Reuters data