SaaS baby out with the bathwater

Hello, Ultimate Value readers!

I am back with another idea!

I really like this one. This is a very cheap SaaS business with real earnings that should sustainably grow top-line in the mid-teens for a long time. A few years out, I see this trading at ~4x EPS (ex-cash). Best of all, the company has a sizable net cash position that should protect the downside.

Liquidity is pretty good — it trades about USD 3 million per day.

Let’s take a look.