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Can't be held down for long
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03-06-2019, 06:51 AM
'mikekato2002' pid='82873' datel Wrote:Oh ok,I thought you were still waiting for $3.40,which I highly doubt without a major market hit. That would be a shame to see you miss out on a muli-bagger while trying to save a few cents. No Mike we already had a position at $2.53 (see here) and we decided that 20 new clients in just a month outweighs anything that happens to the share price..
03-07-2019, 03:35 AM
Lots of small caps selling off, also from the SHU portfolio, like INSG, BLFS and also TEUM, feel like a buying opportunity is arriving. WIth the backlog they have and the valuation they have, difficult to see how this isn't going substantially higher, no matter what happens to the stock price in the coming days or weeks...
03-07-2019, 05:59 AM
With nearly $700M in 3-year backlog (and counting..), 2021 revenue is likely to approach $300M, which makes the shares ridiculously cheap at just over 1x 2021 sales while these kind of SaaS companies are usually valued at 5x-10x sales or more..
03-08-2019, 02:05 AM
Hmm, looks like we're off to the races again, up 6% in pixel time with already 1M+ shares traded after 1.5 hours of trading.. No wonder, the shares are very undervalued. 2021 revenues could very well be $300M+ or even approach $400M as another forum member calculated on the basis of all the contracts and related backlog so far, set out in a spreasheet (which you can see here). 
03-08-2019, 10:57 AM
To be honest I think there is a 50/50 chance we will be bought out before the end of 2021 as Hal will probably want to retire when his contract ends with some major $$. If not, I would be very surprised if we don’t see over 500M revs in 2021. As you can see on top of my spreadsheet $150M of 3 year contracts which started in 2017 are no longer showing revs in 2021. I think with their current track record we will see most if not all of them renew which will add all that backlog/recurring revs back, which are currently slotted at $0 on my spreadsheet. That combined with new contracts and I am sure you can easily see how we can be 500M plus revs for 2021.
03-08-2019, 12:23 PM
'Mrebs' pid='82898' datel Wrote: A buyout, that would be frustrating! I'm not quite there yet with that $500M in 2021, that's way higher than what they guided in their iPass acquisition presentation (the number from there is $266M for 2021 revenues), basically double that. Now, based on the backlog, a considerably higher number is certainly possible, but double? Which is why the one thing I'm most curious about is their forward guidance. If they confirm those numbers from the iPass acquisition presentation, we're off to the races, let alone if they go higher. The reason I'm not there yet is that several analysts have revenue estimates that are considerably lower than those of the company, at least for this year.
03-12-2019, 01:26 AM
Decent run pre-earnings, we're two hours into the trading day, up 5% and approaching 2M shares traded..
03-12-2019, 03:28 AM
3x average volume already with the stock up 10%. Volume speaks volumes, as the saying goes..
03-12-2019, 09:00 AM
Slight retreat at the end isn't surprising, there are always investors that don't want to hold through earnings, especially after a large rally.
03-13-2019, 12:45 AM
'Cann' pid='82950' datel Wrote:Slight retreat at the end isn't surprising, there are always investors that don't want to hold through earnings, especially after a large rally. Yes, there is some shaking on the proverbial tree, noting goes up in a streight line. The bottom line is that the shares are remarably cheap for a company of this caracteristics, the shares are valued at 3x 2019 sales, that could even be less depending on what kind of guidance management comes up with later today. As long as they remain that cheap and growth remains strong, buying dips should continue to work. |
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