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Re: None

Tuesday, 02/08/2022 2:34:45 PM

Tuesday, February 08, 2022 2:34:45 PM

Post# of 17
Below is a chart of PATH since going public. It was massively overvalued initially and with inflation heating up the software industry is under pressure. See the 2nd pane of the chart for a relative strength chart comparing the SPX to the software industry.

For me, given the current environment, the valuation is still too high but others appear to disagree as it's found a bottom for now. NTM revenue is still ~18X, I'd be more comfortable @ 12X or $24-$25 a share as growth seems to be normalizing as they approach $1B a year in sales.

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