Starting another message as the last one has such a long tail.
See you (Argo) were true to your word and got back in today - have to say 480,000 shares is more than I would normally buy!!
This is getting interesting!
I know that it's more of a rental model than a purchase one. The curves are smoothed out so to speak. But I imagine that you really have to start scaling it up (to date, not one of Saba's strong suits) to make it pay off.
Agree with the income comment - the SAAS model means that a large part fo the revenue growth/protection is in the bag - it's a bit of a sell now pay later model rather than a big one off hit. Still to look at the results in detail.
I don't really understand the Saas model. But it looks like the conversion is well underway...and the Street likes it. They certainly added to their blue chip customer list.
I would think that next year they would have to make some revenue and income increases though.
Haven't yet had time to chew on the results but clearly there were some good things in the results. Looks like they have made the transition to SAAS and the sales investment is starting to pay off... wonder if there is not more behind the excitement though.
Like the inprovement in the cash position.
Timing and Pyschology.... I have a neagtive in price on SABA which has left me holding a bunch of shares for the long-term... but you've made your profits I am just sitting on potential!
I do wonder if its not the chartists getting excited (delighted if they are)..but sounds like you and me are value players.
Let me know when youre back in.
By the way Forbes was talking about all the new billionaires this a.m. and how some of them wanted to keep quiet about it! I have decided I'll tip the about you .. only working in units of 100,000 shares!
Hah. I just used some of my pocket change.
400,000 shares is a bit out of my price range. 4 shares is more like it.
Still hesitant to get in. But I am glad to see it going up for the rest of you guys.