The cap raise just prior to the outbreak gave me the confidence to go on a shopping spree on this one. In my view it bought Serko time. I suspect we would’ve seen a lot more volatility in the SP without COVID (ignoring the initial panic) as people would’ve expected earnings growth early on after Bookings joined the party. Clearly there was a lot of development to do first. My regret is that a blew my load to early during the panic as I did most of my buying between $2 and $1.50... turned out it had a bit to fall after that.
SKO Price at posting:
$7.40 Sentiment: Buy Disclosure: Held
