This is an outstanding result that reflects to a significant extent the combination of an outstanding product (Sonata) and quality management that is properly focused on the professional execution of its strategy.
The market opportunity is large (dare I say huge?), and in my view, very much underestimated. If one doubts this, google "TSB news" and read about one example of a technology cock-up in the UK that cost has TSB shareholders to date more than £330 million (yes, that is correct) in just one year (also correct). The clock on the cost of this cock-up is still running. My opinion on this is that TSB should have used Bravura ..... and it is still not too late for them to do so.
BVS has a growth path that does not extend 12-18 months, but 5-10 years.
There has obviously been a large seller capping the price and selling on the back of this strong result. Ho hum. That will prove to be a short term factor, and then the fundamentals of the stock will reassert themselves.
This stock is inexpensive and going higher. It is a peer of ALU and WTC (high growth, global technology technology platform with natural monopolistic attributes.) Nice.
BVS Price at posting:
$5.16 Sentiment: Buy Disclosure: Held
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