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LogMeIn, Inc. (LOGM)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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99 reactions on $LOGM conversation
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it's down 7% after hours...
If buyout goes through, $86. If buyout doesn't go through at $86 due to lawsuit, maybe buyers have to put more money into the deal to satisfy claimants and then price is higher than $86. If buyout doesn't go through at all because consideration is not enough, buyers terminate, etc. then stock should still run up because of all of the increased business / usage due to COVID-19, similar to Zoom. So in all scenarios, seems like good news relative to current stock price. What am I missing?
Apparently this company has a terrible subscription plan and strategy for bilking customers. This is just from a quick reading of online reviews. Does anyone care to provide a positive assessment?
+6% at close
Hopefully buy under $75 today. But any buy around $80 is good!!
$LOGM I'm taking a little bit of a gamble on LOGM $90 calls for Dec 18th. I work in tech and we use LOGMs product gotomeeting for all of our remote stuff. We just added some more accounts in preperation for Coronavirus. If Corona continues to spread, could see this stock skyrocket. I chose the $90 calls because they were relatively cheap.
The Board of Directors will be doing a disservice to current shareholders if they agree to sell for less that $120. The stock price was there not long ago. They should be asking for premium over the 52-week high.
Is this a good entry point?
This looks cheap relative to Zoom Video! which now at $16B
Anything I hold goes down
Does anyone understand why this company insists on pricing out their customers or potential customers? Go back to month to month and drop your prices in half. Take back the share you lost. If we could catch some of the ZM Fever, we would be trading at like $500. I am a partner, and I still don't understand how they let deals slip away.
Fall to $75
From 120 in Jan to under 80.......ouch......but drops like this attract people that don’t buy at highs.....jumping in when I see some sideways action
when do we get our money
LOGM is now trading 8.5X 2018 EBITDA; this for a company that is still growing at a healthy clip of 15% or more. Would you rather invest in a company in which the management lies and hides their errors, or would you rather invest in management that confesses to their short falls, and fixes them? I like this management team; they are not perfect but they have high ethics and good intelligence! They acquired a recurring rev company at 3.5X revenues, and they know how to execute on all platforms (organic and M&A). I see 40% upside within 12 months and have loaded up the truck. I do not know of any $1 billion plus SaaS entity selling at such a huge discount to cashflow! BUY, BUY, BUY, BUY
Working in tech, the big guys like microsoft have Teams which can do everything that goto products do... I know a lot of people use their stuff now, but might be peaking.
with EPS 12 a current PE is 74/12=6.2. An average same industry stocks trade in PE of 16-18.
Today I heard a tale explaining why AMZN should not be assessed with the same metrics as other stocks. I'm waiting for the tale why the most prominent and profitable companies like WDC, MU, etc. can not be valued on the same metrics as semi/chip others. If you want to know my opinion - it is going on because the market controls by crooks who play almost always a contrarian game. There is no other explanation and those who involved a bit deeper know it.
Once the market calms down this should be back to $95+ easy. Already fixed all issues that caused drop from Q2
Was a Great Company.
I was with them for 14 years + and now they increase my rate almost 4x. $19.90/month for 3pcs to $75/month. They won’t last.
Good Bye Gotomypc aka Logmein
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