ok so I agree that altium are expensive based on revenue growth rates and if i owned a lot of altium i would have sold some a few weeks ago on guidance, i only own a bit and i would like to own more at the right price so im holding. but also note, they are on 60 times trailing earnings. its a lower p/e if you look forward. also note, they have made smart moves with their customers by extending payment terms and increasing short term affordability which has directly impacted revenue, however they have grown subscribers at a very good record rate. this is incredibly intelligent, business sustainability management from the type of management i like to have running the businesses i own. customers will not forget this, and this will reward shareholders over the long term. there will likely be a strong bounce back from covid weakness, particularly as altium cloud picks up pace. So in short wont be surprised to see short term weakness, but long term the thesis is still in tact. i do think that we need to be buying this more around the 40 times earnings mark, so where does that put us on a forward basis?
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ok so I agree that altium are expensive based on revenue growth...
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