Catapult Group International (CAT)
Dear James & Shawn Thank you for the good work. I know you have discussed your views on Catapult fairly extensively recently, however, I am coming from a slightly different slant. I have been caught napping on CAT as I started following it since the $1.25 mark. At $3.38 I strongly considered starting a position, however, I was weary that I may be yet another crowd favourite ending in the "naughty box" (a la Audinate and others), and expected a correction of sorts, which obviously didn't eventuate. I am now considering starting a small position to get "my foot into the door" in case CAT keeps on steaming ahead. With an EV/EBITDA of 575 and P/B of 13.7x it is not cheap and my rational mind suggests it may be due for a substantial correction, so I am in two thoughts. Your views? Would you invest in CAT at these levels ($6+) if MM wasn't invested already?
