RE:RE:RE:Hi Captain. Would love to get a short squeeze here CandyC wrote: Captain I dont expect tech to rebound much this year with a few more rate hikes. I wouldnt think a Russia resolution will happen any time soon. More likely is a Russia full cut off of oil. Most analysts are saying $185 WTI if this happens. I was thinking of buying back in Sangoma at $12.00 but I dont expect a good report. Several analysts on CNBC say a floor of 3850 on the S&P so hopefully the tech sell off is over soon. If it breaks below 3850 then next support is 3600
Stocks aren't trading based on their fundamentals right now.
After this report, Sangoma will be trading under 8x trailing EBITDA in terms of EV (share price + LT debt).
EV of old STC + S2S is significantly lower than what they paid just for S2S (current valuation at around $250M US when the purchase price of S2S was $437M US), which was around 20x EBITDA.
This makes STC very cheap compared to the valuation of most tech stocks as of today, even with valuations down across the board.
How low it can go is anyone's guess due to the current crazy markets, though.