ABB +3.28%: A stock we like and own in our Emerging Companies Portfolio released a connections update for 2Q-22 today and there were a few swings and roundabouts, although positive overall. Importantly, connections organically are ahead of expectations whilst the bulk-transfer which is a white labelled offering for Origin was behind schedule due to some technical issues – this is now to be transferred in January. Overall, organic growth the key and this accelerated in a typically seasonally slower period plus it seems like churn rates (loss of customers) is low. I’m an ABB customer & shareholder, and very happy with it!
We remain bullish & long ABB and see it as a buy sub $5
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