7/1/24 - $slp - Don't see much upside >$507/1/24 :: VROCKSTAR :: NASDAQ:SLP
Don't see much upside >$50
(going to streamline posts, they've been growing too long last few wks; still working out my publishing process)
- SLP has interesting/ unique product for industry
- rev growth mid teens is "fine" but not worth 10x enterprise value
- PE near triple digits this yr and still >50x in '25 too high
- not seeing a ton of opex leverage, look YoY in last Q - stagnant
- generate cash, 2.5% yield is just okay
- would re-consider if we saw a 3-handle on stock, set my trading view alarm at $35.5 to take another look if/when/why there
- chart not convincing, a lot of range chop at high end and into a picky risk environment
V
