Post by
iUnicorn on Sep 06, 2021 11:35am
Things are looking up
Good morning all.
Things are looking rosey for the future. Consolidated results were not too hot due to faster legacy business decline, a longer term positive. Let's not forget the press release from a few months ago where there was many renewals. It seems like FQ1 was a big renewal quarter where the legacy step functioned down. I do not expect this heavy of declines in legacy in the coming quarters. Results will improve sequentially in my view, knowing what I do of software business, seasonality and renewal periods. Subscription revenue icreased across both ITOps and 365. Mitel is flat but provides very high contribution margin. Now is the time to be accumulating shares.
The future appears very bright and the equity appears drastically undervalued. I would be very surprised if this company is still public at the end of the year if it remains under 20 cents. In my opinion, fair value for the business today is roughly 30 cents per share.