TOP IDEAS: WANTED Technologies Corp.'s (TSXV: WAN) big data business is in high demand and the stock should be, too. Shares are up 298%.

Note: Investorfile's share price accumulation target of $0.55 for WANTED Technologies Corp. was reached on August 9, 2013. For the record, we do not revise share price targets for our Top Ideas - Small Cap Value Stocks. We have positioned our blog to be one of the first providers for a pragmatic perspective of a small cap company stock's potential worth, where there may be uncovered value that has been largely overlooked by the investment community.

Not much has changed at WANTED Technologies Corp. (TSXV: WAN - $1.23). That's good, because revenues, earnings and cash just keep on building.

It was about 5 months ago when we predicted it would not last long, that is WANTED Technologies low stock price (See: WANTED Technologies' financial results are predictably strong and the stock is still inexpensive.) Then WANTED's stock was trading for less than 10 times earnings if you annualized the Company's latest quarterly results. In our opinion it was a very low trading multiple for a profitable small cap growth company. Since that blog post WANTED's stock price is 50% higher.

Two quarters have past and the same argument holds true. Despite that WANTED's stock price is significantly higher today, if we annualize the Company's latest quarterly results (Q2 EPS: $0.041), the shares still trade for less than 10 times earnings. It is our opinion again, that WANTED's stock is still an attractive buy for small cap growth investors.

WANTED Technologies provides real-time business intelligence for the Human Capital (HC) marketplace. Corporate and government clients use WANTED Analytics to find sales leads, analyze employment trends, gather competitive intelligence, forecast economic conditions and source hard-to-fill positions.

The Company's business model of providing its cloud-based tools via subscriptions to its customers supports its recurring revenue business. WANTED's recurring revenue base has increased by 34% over the last 12 months to C$8.6 million annually.

The Company's proprietary analytical processes can convert WANTED's sizeable data warehouse of information into compelling products. Recently a financial services company entered into a 12-month data license agreement with WANTED worth over $1 million. This type of application of large data assets is an example of how "big data" is beginning to transform business decision-making. WANTED's repository of human capital big data is generating a pipeline of one-time data license revenue opportunities for growth over-and-above the Company's annual subscriptions sales.

WANTED's management says the Company has benefited from the continued improvement in the economy and, in particular, from growth in the employment sector to achieve all-time highs in revenues and profitability. The profits are generating a load of cash for the Company.

Last reported the Company held C$3.65 million in cash and had no debt. WANTED says it will invest its cash to continue to increase the size of its research and development team to accelerate its development and release of new products. It also expects to increase investments in sales and marketing to increase awareness of the Company's products and to maintain consistent levels of revenue growth. This is good news for shareholders.

WANTED Technologies has been a great story since we first introduced it to small cap investors as one of our Top Ideas about 18 months ago (See: WANTED Technologies: A small cap that is delivering sales growth, profits and yet is still value priced.) Since then the share price is up 298%. But don't let the stock's phenomenal rise discourage interest in WANTED shares. There is still plenty of upside ahead.

Wanted Technologies has 24 million shares outstanding.

Wanted Technologies website: www.wantedtech.com

Author ownership disclosure: TSXV: WAN - YES

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