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!...
Read the full article on Seeking Alpha
For further details see:
Par Technology: Optimism In The Face Of Continuing Losses