PAR Technology Corp.
My second write-up is now available for download!
Grab your copies of the report and its accompanying model by clicking the "Download" buttons below.
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.
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
Hey there, thanks for the great write-up. Quick clarification question, it seems like your target price is based on 6.5x EV / Sales target multiple on group sales forecasted in the future. Wouldn't that be an overstatement of your core thesis (pure-play saas) since your group sales forecast assume government segment which would also imply a sale valuation of 6.5x on government division?