Smart move by Michael there, would have been smarter to dump the lot though.
On 16 Nov, "Schlockhead" put out a hilarious spruik on Siteminder (Google "Bailador remains bullish on its largest holding SiteMinder"). Full of half truths,lies and misleading statements
True, but just dont mention what it did after that, hey? Ie tanked like a lead balloon!
Well of course you'd make a motza when you held it as a spec stock, and then it IPO'd at some ridiculous price like $6.60. Trouble is, the secondary market isnt buying it. And this director selling out is at odds with BTI's claim of "remaining" bullish in the article headline.
And isnt it doing such a fine job, with a nine figure loss in its first listing year. Pffft! If thats how the leading hotel platform operates, imagine how crappy all the rest must be!
Nice to hear, but revenue growth without accompanying profit growth doesnt show the business is winning.
ITs arguable that technology solutions are required at all for a lot of them. The smaller ones wont like paying out SAAS fees for life either. So quite a bit of wishful thinking there.
Broadly in line? Bwwa ha ha, utter rubbish. The XJO , over the same time since SDR listed, has gone from 7500 to 7200, a loss of 4%. Thats not even close to the more than 50% loss of SDR.
When they have to lie to sell you a mutt, watch out. I'll be shorting this dog all the way to $1. See you there.
SDR Price at posting:
$3.06 Sentiment: Sell Disclosure: Not Held
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