Q: Good morning.. Can i get your opinion of this stock going forward and next quarter anticipated earnings. Cheers
5i Research Answer:
We do have a report on LMN that will be updated soon. EPS expectations are 16c and $178M revenue. We like its acquisition/rollup strategy of buying software companies and maximizing cash flow. Management is good and the oversight of CSU, as majority owner, is important. The balance sheet is strong and good growth is expected. It is not cheap, but we would consider it one of the most reliable long term growth stories available today. The stock has not done much, up 12% in the past year, and can be volatile as it is not covered well and trades Venture still. But we would be very comfortable owning it.