12/9/24 - $cxdo - Interesting at $5 but prefer <$4.5
12/9/24 :: VROCKSTAR :: 
CXDO
Interesting at $5 but prefer <$4.5
- pitched this one and find the biz def'n worthy of my watchlist (albeit not top of list).
- net cash, small cash generator and growing this cash generation (about 7 mm FCF on a mid 120s mm EV is about a 5+% FCF yield - that works).
- such that the 10% top line growth is met (and this is where there'd have to be more trust in my investment/ less mgn of error - which i don't love), the stock would work from here.
- therefore, considering the small cap nature (can be dragged around by flows), i'd prefer to build myself some mgn of safety to be involved and see this on my PnL daily. so i've set a tgt closer to $4.5. if/ does go there, i'll probably update my thinking (bc a lot depend on why we get there). if not... i wish all the longs the best of luck. interesting name
V
CXDOInteresting at $5 but prefer <$4.5
- pitched this one and find the biz def'n worthy of my watchlist (albeit not top of list).
- net cash, small cash generator and growing this cash generation (about 7 mm FCF on a mid 120s mm EV is about a 5+% FCF yield - that works).
- such that the 10% top line growth is met (and this is where there'd have to be more trust in my investment/ less mgn of error - which i don't love), the stock would work from here.
- therefore, considering the small cap nature (can be dragged around by flows), i'd prefer to build myself some mgn of safety to be involved and see this on my PnL daily. so i've set a tgt closer to $4.5. if/ does go there, i'll probably update my thinking (bc a lot depend on why we get there). if not... i wish all the longs the best of luck. interesting name
V
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