2/24/25 - $bsy - I'd probs stay away from this2/24/25 :: VROCKSTAR :: NASDAQ:BSY
I'd probs stay away from this
- a'ite homefries
- just posted on NASDAQ:CDNS about how i wouldn't own it, growth for multiples just too expensive. mkt seems to be too lazy with software names until they're forced to rework their logic (what are people even doing on the desk nowadays... well w/e)
- but i figured i'd burn another post for myself on this one, which i also don't know exceedingly well, but where something like mid 30s PE for low DD growth simply appears silly
- if i was running a L/S fund this would pretty clearly be a 1-2% short (in a list of 30-40 shorts), but i much prefer to stack cash as my expression of being underweight risk assets in certain areas of mkt
- anyway. besides knowing something more deeply, like it's some sort of whacky M&A candidate, or they'll growth infect, or beat and guide bonkers (probably v unlikely)... i'd not be surprised to see this thing fade 20-30% sooner vs. later. dead money would be generous.
- caution, that's all. i think u could do better elsewhere.
V
