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Good summary and agree, just on (2) - AI I think would still be...

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Rokc69

6,028 Posts.

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24/08/20

12:00

Post #: 46764944
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Originally posted by fatjoe ↑

Was just thinking that. Shareholders have "suffered" the huge, breakneck run-up to $4 and all the way down to $2.50, then ultimately down to $0.86 and now back up to $3 in just over a year! It requires faith in one's investment thesis that's for sure.

My thesis:
(1) NA growth - (tick - 27% - NA ACV will double in 3 years at this pace)
(2) Value added in form of non-commodity, high-margin SAAS based services (e.g AI)
(3) Mix of defensive (gov., insurance) and growth (solar etc., EVs) customer base
(4) Cookie cutter approach to new regions
(5) Tech. innovation leading to lower cost imagery acquisition and even higher margins (e.g Hypercamera 3)
(6) Potential to become dominant player in industry and increase the size of the moat

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Good summary and agree, just on

(2) - AI I think would still be in 'free trial' mode I think. Keep an eye on this in the next 2 years, I hope it quickly makes up a material portion of ACV!

NEA Price at posting: $2.93 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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