Lots of Revenue levers, that have yet to be pulled.
This is another small cap tech stock that has succumbed to the forces of "shoot-first, ask-questions-later when interest rates rise" over the past 12 months, yet it has continued to grow in value.
It has all the hallmarks of a company for which infrastructure is being put in place to support a business that could ultimately be valued at several hundreds of millions of dollars, instead of today's mere bit more than $100m.
One observation I made while listening to the conference call the other day, was the CEO's apparent coyness on the progress/performance of Paul Camper.
But presumably that's because CHL has only owned that business for 5 minutes and Hales is hoping to under-promise and over-deliver in his usual understated manner.
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CHL Price at posting:
$2.04 Sentiment: None Disclosure: Not Held
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