Short Story, page-74

A bit of MF from today:

A project management (construction) cloud software business that is digitising the way projects operate, resulting in greater efficiency and lower cost for users. I believe that, based on the size of the industry and the high margins and recurring demand seen by software companies, Aconex could be much larger in a decade. However, at present, I am deeply sceptical of this business as I think the $767 million market capitalisation prices in too much future success for this loss-making company. I will be waiting to see further signs of success before considering an investment in Aconex.

Thinks it will get bigger in the future, but doesn't like the idea that may be priced in already... Quick, sell all your shares in this overpriced loss making business!