ARR runs its own race, and should be assessed in its own terms, but I think it is this week's broader excitement that has interfered with it today, and not some intrinsic issue with ARR's performance, or the ann, which looked excellent to me.
It has just made some crucial strategic acquisitions, increased rev projection from $85m to $120M and is still twice its price on listing 9 months ago.
However, many people are re-jigging their portfolios this week, taking the opportunity of the market "correction" to get onto shares they just missed on their last runs and ARR is just not one of those whose run has been spectacularly interrupted by the correction.
Has a fantastic group running it, reflected in its performance in just 9 months, and the makings of a very strong firm.
