Not sure you can look at this company in isolation ie not knowing the product or market. I can say that without Gagnon driving things, and Varga/Torrible/Daglio bringing cap markets and investment rigor, discussion and agreement with IBM and the VA simply wouldn't ever have happened.
The lack of penetration with Corporates is mystifying, however I'd don't think they losing business to other firms i.e., I believe that corporates still not fully comprehend the issues within the ir workforce and are simply slow to react. COVID hasn't helped as it should, hopefully that's simply the lag factor at play. We hear continually of a pipeline.....though it is time to close some of these deals.
I certainly don't believe that shareholder funds have been mismanaged. If you'd seem seen the product 3 years ago vs. now, you'll see where those funds are being spent. It's a tech company so continual development is key, and I suspect being fit for purpose to support 1mn Veterans can't be done on a shoestring.
There is my view right now.
TTB Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
