It took me a long time to decide and jump on board, as I worried...

It took me a long time to decide and jump on board, as I worried about 100+ PE. I jumped on board 12 months ago due to the following reasons:

- Huge addressable market, yet few competitors. Its hard for new entrants because it is a very specialized field, you need years of industry experience and credential before you can develop a world-class medical imaging software. The founders have been doing this since 1980!
- The founders and management have consistently delivered great results year after year. With the SaaS model and already announced contract wins, forward earnings are very attractive.
- Lastly the founders still own ~40% of the total shares, provided they do not sell huge chunks, they are effectively creating an artificial shortage of shares in the market.. We know what happens when demand outstrips supply.

Having said all of the above, PME will no longer give x10 return as it did in the past 5 years. This is more of a cash cow now with steady capital returns and constant dividend increases. It will still easily beat overall market return.