I'm interested in others thoughts on Macquarie Corporate Telecom (MAQ)

"Macquarie Corporate delivers proven and innovative voice, data, mobile and hosting solutions to corporate and government enterprises throughout Australia and South Asia."

Market Cap of $53 million, currently trading at 26cents

Company looks like it turned the corner late last year reporting EBITDA of 3.7m for the six months ending Dec 03. They issued an earning guidance of 7.4m-8.7m for the full period.

Company has NO DEBT and 33m CASH in the bank. This effectively means the market is valuing their business at 20million

Revenue for FY03 was $234m

In my view the company is primed to make an acquisition (hell they need to use that cash) or could be a target to be taken over if large shareholders brokered a deal.

Last annual report indicates the stock is tightly held with the top 20 owning 82%. The Tedehope brothers (CEO and COO) own 61% of the company.

Company has small but very experienced management team.

Has been some interesting trading going on over the last few weeks with the stock testing recent highs on rising volume.

Would especially be interested to hear comments from some of our esteemed fundies - Alban, Dimebag.