BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

IMMR: Rumbles of a Special Sit, Initiating

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>IMMR disclosed last week it has acquired 7 percent of the outstanding shares in Turtle Beach Corp. (HEAR) in the open market, which on a surface level could raise questions</li>
<li>The investment in HEAR could have more to do with IMMR’s approach in targeting companies who have yet to license IMMR’s intellectual property</li>
<li>HEAR is a producer of gaming headsets and not a licensee of IMMR’s IP. There are new headsets coming to market taking advantage of benefits haptics could bring to gaming</li>
</ul>


IMMR disclosed last week it has acquired 7 percent of the outstanding shares in Turtle Beach Corp. (HEAR) in the open market, which on a surface level could raise questions
The investment in HEAR could have more to do with IMMR’s approach in targeting companies who have yet to license IMMR’s intellectual property
HEAR is a producer of gaming headsets and not a licensee of IMMR’s IP. There are new headsets coming to market taking advantage of benefits haptics could bring to gaming


Immersion Corporation

IMMR: No Beach for License Evadors