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Does MM see trading Opportunities in ELO, EML or TYR?

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Does MM see trading Opportunities in ELO, EML or TYR?

ELO, EML and TYR are member of “ZEET”, and share prices of these shares have fallen sharply in recent months. These are solid companies and should these shares be considered for investment for patient long term investors?

Answer

Hi Peter,

These businesses are solid on many levels but their valuations and growth prospects remain of real concern which is being painfully reflected by all 3’s respective share prices. Very often in new industries whether motor cars around 1900 or transaction payment stocks today many of the early arrivals fail increasing the risks accordingly.

Hence while all 3 stocks have fallen significantly, and they do feel cheap, we believe they are only suitable for relatively small and speculative positions similar to what we hold in our emerging companies portfolio.

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ELMO Software (ELO)
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