Introduction
BlackLine (BL), as I’ve mentioned in previous articles on the company, is a great business. In case you missed those articles, BlackLine sells finance software to medium and large businesses. Their software integrates and complements ERP software by automating many accounting tasks that would otherwise take employees hours to complete manually. This frees up employees' time to work on more strategical and business-oriented assignments, ultimately benefitting the organization significantly.
That said, the company's stock price has doubled, and from a valuation standpoint, it is less attractive today than it was just a