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PAR - Par Technology: Optimism In The Face Of Continuing Losses
PAR Technology Corporation
2024-05-23 18:18:45 ET
Summary
Par’s investors seem to be enthusiastic about everything, except the numbers that matter.
The company missed estimates with weak results in the latest quarter, but has seen its stock rise 20% since then.
60% downside to fair value at a normalized profit margin.
Introduction
This has been a good year for stocks, aided by continued government deficit spending and a Federal Reserve talking of cutting rates some time soon. A rising tide lifts all boats, even the slowly leaking ones. We even had a mini meme stock rally!...