Tyro Payments IPO - A Lot to like Apart from Its Earnings Profile and Churn Rate
Tyro Payments (Tyro) plans to raise around US$200-300m in its Australia listing. The company is backed by some strong investors including Tiger...
517 Views
Slack Technologies ("The Email Killer") Valuation Analysis
Based on the 22.1x EV/Sales multiple, and applying our 2020 sales estimate of $953 million, this would imply an EV of $21 billion and a market cap...
800 Views
PagerDuty IPO Preview
PagerDuty Inc (PD US) is a US based software company which is ready to complete its IPO in the next several weeks. Founded in 2009, PagerDuty helps...
962 Views
Obscuring the True Cost of Management (North America)
The accounting rules for equity compensation are deeply flawed. They obscure the true cost and imply there is no impact on cashflow. In reality,...
451 Views
U.S. Equity Strategy
We believe the intraday low of 2,532.69 made by the S&P 500 on 2/9/18 marked an important short-term bottom within the long-term advance. We...
355 Views