Good call on OCL. I became a holder very late in the game at a high price of $19 but I can see that keep chugging along with a high growth rate into the future. Another one I remember disappointing quarterly growth was MP1 but I think with MP1 there was somehow more of a surety that they will grow and their tech was proven to be in demand (MP1 has started getting higher growth rates even though they have a larger base so there is definitely hope). I don't have the same feeling with Dubber (yet) mainly because we don't know how many subscribers are actually paying for the additional services. Are you concerned about that?
The report is definitely good enough for me to continue holding - especially at a price near the 200 MA. I would not be the least bit surprised if the stock price gently drifts down towards the 200MA and stays there for a while so we could see high $2s. Even with a reduced growth rate, basing an $100m ARR on FY23 exit ( 2years from now) an 800m market cap will be a good top up opportunity. I am expecting this to trade between 12 and 20ARR so best case market cap $2bn in 2 years (over a 100% increase) worst case $1.2bn (~35% increase off current prices).
DUB Price at posting:
$3.10 Sentiment: Hold Disclosure: Held
