GREY:ESPAF - Post by User
Post by
barneyj44on Mar 25, 2019 7:22pm
168 Views
Post# 29534148
What kind of a Moron is analyst Pardeep Sangha?
What kind of a Moron is analyst Pardeep Sangha?Let me get this correct, Espial has no debt and $30 million in cash and no need or hurry for a cash infusion
“We previously had a $2.70 target price and believe the transaction price undervalues Espial’s business,” says Sangha. “The company has been undergoing a transformation to a SaaS business model, which caused revenue to decline in CY18 but will result in higher recurring revenue and improved profitability over the long-term and the past two quarters have now been EBITDA positive.”As I stated earlier the company should of did a Strategic Review and shopped the company around, Enghouse must of promised to keep our light weight management team employed.