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Steige

21 Posts.

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07/01/21

12:19

Post #: 50004943
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Originally posted by DairyDonkey: ↑

Buster,

Please state any affiliations or lack of before pushing into your analysis and comparisons. I appreciate you taking the time to put your case forward and likewise have taken a quick 20min review of PYG and now added it to the watch list (lets see how it progresses in the next twelve months).

My short appraisal, gives me the impression PYG is very much a copycat model to ELO, just less developed (it proclaims 27 modules to ELO's 15 but I would bet easy money these modules are less comprehensive/hold less value). PYG has only been listed for just over a year and yet have gone back to market twice for cap raises to fund acquisitions, they are <1/10th the revenue at <1/10 the market cap.

Their outsourcing service conceptually sounds alright, their outsourced back office support to asia just sounds scarey esp when we agree re complexity of HRM and it being such a critical relationship focused division.

Yes on first appearance PYG seems cheaper, but I would prefer the company spend more on R&D and growth to further accelerate market penetration than tighten up just to provide a barely positive EPS figure. I also feel you are better placed to stick with a proven operator, led by a founder with significant skin in the game and a longer track record.

I look forward to your further input on PYG vs ELO over the next few years.

DD

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This guy doesn't know what he's talking about. He just copy/pasted my analysis.

I'm happy to explain the HCM/Payroll market in detail if you have any questions.

ELO Price at posting: $6.66 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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