You are invested in a momentum stock and everything under-pinning that momentum appears very healthy. Most Companies that move from the ‘perpetual license’ model to a ‘subscription’ model experience many transition and cash flow challenges. This has been pretty seamless for RPM, probably backed by the simultaneous steady flow of value adding innovations. They have an established track record with all the major mining Companies. Furthermore, RPM is cashed up so nothing to worry about in terms of capital raises to further support growth. The build on ARR tells the story !! Now we just need to see the build on EPS.
Within a mere 25 days, we will get to see a confirmation of other financial metrics.
Rokewa
RUL Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
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