LogMeIn, Inc. (LOGM) is on our radar after putting out pretty strong numbers for its Q4 and its fiscal year. We thought the quarter was generally positive, the overall long-term outlook for growth was bright. However shares are down 16% since reporting earnings. We believe there is opportunity to acquire shares for a rebound, but long-term investors should find EBITDA growth prospects compelling. In short we see shares as a buy in the $80-$82 range.
So what is going on here? Well, LogMeIn is a leading provider of cloud-based connectivity. Essentially it is