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Asure Software Has Been Punished Too Much

May 11th, 2019 · No Comments

  • The shares still haven’t recovered from a disappointing Q3, and visibility a little hampered by the large number of acquisitions.
  • However, we expect the positives of these acquisitions to gradually outweigh the cost during the year, generating significant cost and revenue synergies.
  • The shares are also pretty cheap, but the company’s recent history is full of dilution and debt issuance, mostly to pay for all these acquisitions.
  • Management promises positive cash flow this year, which is pretty crucial in our view, given the debt and dilution.

Source: Asure Software Has Been Punished Too Much – Asure Software, Inc. (NASDAQ:ASUR) | Seeking Alpha

Tags: ASUR