Parse, page-69

its more the envoironment than the stock itself - but like i say, if your sector starts tanking - esp in IT - then valuation mindset goes from addressable audience to ev/sales to ev/ebitda and finally - when the tide really goes out a long long way - how much cash have you got!

at $70m market cap BUD isnt frothy on an ev/sales basis but it is on ev/ebitda. and that is where the loss of the zentri immediate revenue does bite unfortunately.

and as i watch hero stocks like ACX get rationalised, It feels very much like Mr Market is having a 'let bring it down a notch' moment around IT growth stocks - however real and solid the actual market demand for what they do.

Im keeping a 3rd weighting in bottom drawer for a year and watch the watchlist.