Post by
retiredcf on Nov 01, 2020 9:38am
Assessment
Q2 was a nice beat and there hasn't been any negative news about the company. Growth expectations are high and while debt is also high, this has been mitigated by the very low valuation compared to other tech names (13x earnings). It reports next week and has beaten estimates for the past 8 quarters. We are fine holding for better days ahead.
So said 5iResearch last week when asked about the declining SP of OTEX.
And it goes without saying that a 5.5% decline in the NASDAQ last week did not help. GLTA