Quick Note: This is a brief update to let readers know that 2 new positions were added to the Disciplined Growth Portfolio. The Portfolio Tracker Sheet will be updated soon to reflect these two new relatively small additions.
Small, Under-the-Radar, High-Growth, High-TAM, SaaS Stock
The Software-as-a-Service company we review in this report has a lot of attractive qualities, including a leadership position in a large total addressable market (“TAM”) where growth is being driven by increasing cloud-based connectivity (i.e. the Internet of Things (“IoT”)). It’s also a “smid” sized company ($2.7B market cap) and trades at a compelling 3.1x forward sales. In this report, we review the business, the growth opportunity, the valuation and the risks. We conclude with our strong opinion on investing.