2024-07-05 04:23:36 ET
Summary
- Shares have dropped over 25% since Q1 earnings, where strong performance in the SaaS business was overshadowed by a rapid decline in the company's legacy business.
- Management has successfully extended the company’s debt maturity until 2029, giving it ample time to pay down the remaining debt.
- Shares are attractively priced and offer significant upside based on my conservative expectations.
Investment thesis
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For further details see:
Thryv Holdings: More Attractive Now With Debt Risk Mitigated