Hi,I posted on 20/4 an article regarding when to buy recovery...

Hi,
I posted on 20/4 an article regarding when to buy recovery stories (from Maven funds).
We had a perfect example yesterday with Integrated Research (IRI).

I was keen to buy this stock, but was still hesitating as I wanted a confirmation of their recovery.
We had this confirmation yesterday with their update.
So, I bought the stock and missed the first 30 % increase.
But I continue to think that's the best strategy with this kind of stock, as they are so undervalued before the news that it is not a problem to miss the first part of the rebound.
Quite surprising that even after yesterday's rebound (+ 54 %), the stock remains really cheap for a software company : EV/EBITDA 24 of less than 4 x and free cash flow yield of 9.2 %.