RE:RE:RE:RE:RE:Sangoma's praises mentioned by Motley FoolI agree with you guys on a few things. That ridiculous stock consolidation and rushing to get listed on the Nasdaq really hurt us. Maybe it was good for the company, but I’m no expert on that.
A few keep talking about the chip shortage, and justifiably so. While the CEO implied that deliveries are being managed, you can be sure the extra cost is temporarily cutting into the bottom line, even if it is not significantly affecting the top line.
I do feel we are in a better place here than most are anticipating. Weeks ago I felt we would see some support at the $15-$16 level. So far that is holding up.
I have a fiscal 2022 fair value price of just over $18 Canadian. That is using the mean CEO Revenue & EBITA estimates and flat earnings. I am also taking into account the reduced multiples on tech stocks at the moment. Remember I am old fashion and my model is pretty earnings heavy. Most professional analysts will have valuations higher than mine until the earnings turn positive again.
On that note, both analysts on the latest CRFA report are predicting positive earnings for Fiscal 2023, so that is a really good sign. This company also has a history of beating rev/ebita estimates, so that is another thing going us.
Once the tech sector moves back in flavour I think this is one of the stocks that will recover quite nice. The market is usually looking 6-9 months out so I think (I may be wrong of course) that we may soon start moving a little higher in anticipation.
GLTA