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Since the company’s IPO in October, Anaplan, Inc.'s (PLAN) stock has more than doubled in price, from $24 to nearly $60, and appears ready to continue its march toward the heavens after a short period of consolidation.
(Source: Yahoo Finance/MS Paint)
While Anaplan may actually break out here to achieve new highs, this stock is not an investment that I can recommend. The company has one of the worst set of financials in the SaaS space except for Domo (DOMO) (See Domo: A High Cash Burn SaaS). In fact, there