Epiq Systems is a leading global provider of technology-enabled solutions for electronic discovery, bankruptcy and class action administration. We offer full-service capabilities to support litigation, investigations, financial transactions, regulatory compliance and other legal matters. Our innovative technology and services, combined with deep subject-matter expertise, provide reliable solutions for the professionals we serve.
The long term chart is a beauty. We are in roughly year 12 of base on base action! A huge buy signal fires over 15.
They had 24% growth of their core business YoY in Q1. On top of that, the company pays a 2.6% dividend.
My main area of concern is future dividend payments. The balance sheet is pretty fluffy with over 80% of their assets in goodwill and accounts receivable. That said, operating cash flow is consistently growing each year with 50% growth in 2012 vs 2011.
At the end of the day this looks like a fantastic investment with the raging bull market in court proceedings!