@spatelHi Spatel,Paygroup (PYG) may be a company to...

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    @spatel
    Hi Spatel,
    Paygroup (PYG) may be a company to investigate.

    PYG is a provider of payroll and human capital management.
    The stock has been disappointing since its listing in June 2018 (share price : 0.54 $ now vs 0.76 $ in June 18 post-IPO).
    Main reason : PYG has still a negative free cash flow and its series of acquisitions have not delivered so far.
    It may be interesting now as the company wants to grow organically going forward and the stock is really cheap vs its peers (ex.Elmo Software).
    Andy Crebar just published a detailed note about it on his website.
 
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