ETWO - E2open Parent Holdings Is Righting The Ship And May Be A Buyout Target
2024-04-30 12:03:58 ET
Summary
- E2open Parent Holdings, Inc. is showing signs of improvement after a period of stalled growth and losses.
- The company reported better-than-expected revenues, with total revenue down but subscription revenue up slightly.
- Gross profit and adjusted EBITDA margins have dipped, but the company's guidance suggests a favorable direction for the future.
- With activists involved and a strategic review in place, this company could be bought out.
We have been following E2open Parent Holdings, Inc. (ETWO) for quite some time. This is a stock that we generated some trading gains in and rolled profit into a long-term house position . By that, we mean we had enough gains to back out the initial investment, and some of the profit, but leave some profit in to run forever, enjoying all future capital gains, plus future spinoffs, dividends, etc....
E2open Parent Holdings Is Righting The Ship, And May Be A Buyout Target