EGOV was recommended by Small Cap Investor PRO at $12.31 in Investment Digest issue 715, dated March 14, 2012.
“NIC, Inc. (EGOV, $14.80) is our government website developer. It has a great business model — it builds websites like those for state departments of motor vehicles, then it gets a cut of each transaction. The surge in online transactions has been a great growth accelerator for NIC.
“But its stock has surged from below $11.00 in mid-summer to an all time high of $14.80 today, a 35% rally in a short amount of time. It now trades with a forward P/E above 31, which is toward the high end of the range for this stock. Let’s lock in these gains today and set the capital aside to buy cheaper stocks, or this stock again when it is less expensive.”
- Ian Wyatt and Tyler Laundon, Small Cap Investor PRO, September 28, 2012