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AVLR - Avalara: Good Crisis Execution But Still Pricey
Avalara Inc.
Avalara (AVLR), a niche enterprise software company dedicated to sales tax compliance, has executed surprisingly well amid the coronavirus. A longtime investor favorite, Avalara has been a big winner all year, with shares racing up nearly 60%. However, after the company reported Q2 results and unveiled a $500 million secondary offering at $127 per share, shares took a tumble downward.
The question for investors now is: is this a buy-the-dip opportunity for Avalara, or does the correction have further to go? To me, an investment in Avalara at the moment