Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

What is Model N? Flatbush Watermill Thinks It’s a Good Buy

What is Model N? Flatbush Watermill recently disclosed ownership of more than 1.2 million shares of Model N Inc (NYSE:MODN). At the current price of company’s stock, Flatbush Watermill’s position amounts to more than $11.8 million, with the stake representing 5.4% of the company. Flatbush Watermill decided to invest in Model N since it considers that it has a good strategical position and is capable of bringing innovative products and services in the next decade, the fund said in its filing with the SEC.

Model N Inc (NYSE:MODN)

Model N showed a 20% increase in revenues for the previous quarter, the third of fiscal year 2013. The company’s net income under GAAP advanced to $1.5 million, versus the $1.2 million loss reported for the same period of the last year. In this way, the net income per share amunted to $0.06 in the third quarter of the fiscal 2013, compared to a net loss of -$0.16 per share for the third quarter of the previous year. For the next fiscal year, Model N forecasts revenues between $70 million and $80 million.

Model N is a company specialized in offering revenue management solutions, by providing clients the possibility to maximize their revenues and decrease revenue compliance risk. Flatbush Watermill is also a major shareholder in Retalix Limited (NASDAQ:RTLX), a software company with a focus on food and fuel retailers. Flatbush last week disclosed a decline in its stake in Retalix to 12.09% of the company, equivalent to some 2.9 million shares, valued at $87.3 million.

Recommended Reading:

Hedge Fund Advertising, Start Your Engines

Hedge Fund Returns in 2013: The Top 20

2 Billionaire Interviews You Need To Watch

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.