RE:RE:RE:RE:RE:RE:RE:RE:RE:Sangoma's praises mentioned by Motley FoolI have been here for a while too. Start nibbling in the 0.60’s range and added a few more when “Little Nicky” sold off. My average is just over $5 now, post consolidation. If I recall correctly Retiredcf was already posting here when I bought in.
I agree with CandyC though. Tried to post the long term chart yesterday but couldn’t get the trend line in there (getting old, haha). We are pretty much at the bottom of the trading range on the long term chart, and we either bounce off and start going up or fall below support level.
With the strong revenue growth and anticipated return to profitability in the near future, I think we start moving up. Also the tech sector has been out of flavour for quite a while now so it’s just a matter of time before investors swing sectors and the buyers start to outweigh the sellers and the stocks start to recover. Then we will get a multiple expansion as well as the sector gains momentum.
I could kick myself for not selling when the CEO pulled them few stunts, but as Torontojay suggested, looking at my return since buying in it doesn’t look too bad.
Fiscal 2023 is shaping up to be a stellar year for this company and the market is always looking in advance, so who knows when the turning point will be.
GLTA