Interesting you mention the R&D side of things. I was watching an interview with Chris Heaslip some time ago and he mentioned that PPH is continually rolling out new/bespoked apps to its customer base. Has anyone had personal experience on these apps - how good or reliable or useful are they?
In my opinion, it is a very positive sign that its R&D costs have remained largely stable over the last 3 years while overall revenue continually increases. In fact, its other operating expenses have also remained largely stable over the last 3 years. The gross margins are generally on the uptrend as well.
Does this point to a company with solid management that is able to minimise costs while maximising returns?
GLTAH!
PPH Price at posting:
$1.55 Sentiment: Buy Disclosure: Held