New one for the paid peeps!

One last SaaS idea from me this year (Yes.. I’m what’s called a SaaShole…)

I believe it’s also cheap on an earnings multiple basis!

Why I liked this idea:

• Low single-digit annual churn

• Turning into a Rule of 40 company i.e. a profitable grower

• Recently did highly advantageous acquisition

• Market leadership highly credible customer base including large Enterprise

• Upcoming catalysts for the revenue to accelerate in the next 6-12 months.

• Good long term fundamental growth prospects

• They’ve actually done some chunky, Opportunistic share repurchases (which is rare)

• It’s a microcap that’s overlooked