Replies to post #67425 on Savvy Trades and Investments

[indievestments]

Yes, the market will need to re-rate too once it becomes better known that these Framework contracts are 3-5 year deals, usually 5 years. It’s not quite SaaS, but it is SaaS like. Definitely should get better than a 2x revenue multiple considering margins are expanding to mid 80s, with recurring revenues and operating margins that could expand to 30%ish.

I think management has been sandbagging on the operating model and growth rates, etc.