PAR Technology Corp.

Hello,

A month ago, I published my first write-up on Malibu Boats Inc. (NasdaqGM:MBUU), a company in a downtrend since March 2021. Just two trading days later, it hit its 4y low and may (or may not) be starting its recovery with a first +20% return.

Now, amid the enterprise software sell-off, my new write-up is on $PAR. While there is no shortage of debate on PAR, another bullish voice would not hurt.

Thanks for reading, and I hope you find this valuable.

ABOUT
FOUR-PAGE INVESTMENT WRITE-UPS

The four-page investment write-ups are structured in the familiar format of sell-side equity research reports. Do not expect lengthy wiki-style documents. The focus will always be on delivering concise, differentiated views that active institutional and sophisticated retail investors can digest quickly before initiating their own research process. All write-ups are accompanied by institutional-grade models, which dissect the underlying thesis assumptions. Each spreadsheet is manually built from scratch as a typical comprehensive buy-side financial model.

Published at least 20 times annually and at least once monthly.

PREVIEW
FIRST PAGE

DOWNLOAD
FULL REPORT

Grab your copy of the report by clicking the “Download” button below, and download the accompanying model from the button that follows.

MISCELLANEOUS
ADDITIONAL RESOURCES

Find below is a list of valuable resources for your reference:

• Voss Capital’s “PAR’s Path to $80 Redux” Write-Up: Link

• Greenhaven Road's Scott Miller at YAVP: Link

• Greenhaven Road’s 4Q23 Investor Letter: Link

• Greenhaven Road’s 1Q24 Investor Letter: Link

• Choice Equities’s 1Q24 Investor Letter: Link

• Savneet Singh at Capital Allocators: Link

• Savneet Singh at Think Like an Owner: Link

If you have any questions or feedback, don't hesitate to reach out by responding to this email.

Until next time,
The Tiger’s Prey