Pareteum’s Blowout Quarter, But Some Doubts Linger
The company is in hyper growth, although a considerable part is due to acquisitions. Given the markets for CPaaS and IoT/Smart Cities are still in the early innings. We expect […]
A Few Dodgy Customers Don’t Necessarily Make Pareteum A Fraud
As management implicitly admits, the company has a few ‘dodgy’ customers, start-ups that might not produce revenues, hence not all of its $1B backlog will convert into revenues. But for […]
The Short Thesis On Pareteum Isn’t Supported By The Data
Critics are making too much about Pareteum’s supposedly large problem with the quality of its backlog. Management itself implicitly acknowledges the problem and has guided accordingly. There is no data […]
Our Concerns About Pareteum Were Overblown
We halved the position of Pareteum in the SHU portfolio as concerns were raised by reputable SA authors which lessened our comfort level. We have reasons to be extra careful […]
SHU Portfolio: Why We Cooled On Pareteum
The company is going gangbusters and in fact the whole sector is rapidly growing. The two acquisitions the company executed recently seem a good fit. Yet the weight of evidence […]
Pareteum Is Firing On All Cylinders
The company experienced an epic rally since December on very high volume, finally rewarding a company transformation. Despite that rally, the shares are still very reasonably priced at 4x sales, […]
SHU Portfolio: What To Expect Of Pareteum’s Figures
After rapid growth and acquiring two companies in quick succession, we get an updated view where the company is heading. We think this is not yet an earnings story even […]
Why Pareteum Can Be A Multi-Bagger
The company is operating in a fast-growing market with a SaaS business model that we and Wall Street love. The company has exploded organic growth, customers and backlog, and the […]
SHU Portfolio: Performance Update And Where We Would Add
Nearly 40% up after less than 17 months, we can’t complain, especially with the couple of triple-baggers in the portfolio. The Chinese stocks have disappointed though, and Nano Dimension waited […]
We’re Buying Pareteum, Here Are 5 Reasons Why
The company’s organic growth is in triple digits and its backlog keeps accumulating nevertheless. Two acquisitions will produce plenty of synergies, cross-selling opportunities, and a more compelling platform. Despite the […]