Online recruitment platform SEK continues to follow the MM playbook although it’s early days in terms of a decent recovery following its almost 50% decline in less than 12 months.
- SEK has primarily fallen in line with value contraction across the tech space as bond yields have surged higher.
- Importantly the underlying business has a solid earnings profile which it demonstrated back in August with sales revenue increasing 47% to $1.12bn.
MM is high conviction on SEK
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