I picked up 1000 shares of Altium recently, an average of $25.91 in the dip a few weeks back. I've started picking up more this week.. thinking I'll hold this long term, here some reasons why I like this company..
- 22.3% forecasted annual earnings growth - return on equity is forecast to be 32.2% in 3 years time. - current return on equity is 27.3% - no debt for the past 5 years. - the management team is seasoned and experienced (5.7 years average tenure). - 53% of total revenue is subscription-based, with over 31,000 subscribers globally. - Altium grew employee count by 12% in the last year; the biggest contributors being sales representatives, which grew by 19% - Glassdoor ratings are 3.3 out of 5 stars for overall employee satisfaction. However, almost all ratings less than 4 out of 5 come from Westwood, MA office. Adjusting for this the average sits closer to 4.2 stars out of 5 for overall employee satisfaction.
ALU Price at posting:
$34.15 Sentiment: Buy Disclosure: Held