Stripping out R&D is silly. Any company that stops R&D are simply putting themselves on the chopping block.
You may survive for a year but your software then becomes obsolete and customers will churn out to another provider who is willing to spend on R&D and come up with newer and better features. No software company investor thinks about what it could be if only they cut R&D.
That’s akin to saying to a product manufacturer to cut Sales & Marketing, or saying to a service provider to cut People & Resources.
Other than that, decent analysis. However I need to see it play out for another quarter to justify paying anything above $1.
Happy to cautiously accumulate around sub 95c as a high risk high return bet though.
RUL Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
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