A Cheap Data Management Play? Unicorns DO Exist

Welcome to the VIP edition newsletter from ALPHA, our Stock Deep Dive! In this edition, you’ll read an in-depth analysis of a great stock we’ve been watching: 👇

Stock Deep Dive: AvePoint (AVPT-US, $1.5B MCAP)

What if I told you that software stocks that trade under 5x EV/Revenue actually exist? Welcome, my friend, to the world of cheap software.

Now - I know the word cheap may sometimes imply something of lesser value, but this is surely not the case here. Sometimes stocks are cheap for a reason, also known as value traps.

However, inexpensive (cheap) stocks can become attractive buying opportunities whenever there is a narrative change. Something on the horizon will have an inflection point in the stock price, usually due to 1) Fundamentals or 2) The Multiple (sentiment/narrative).

The stock pick this week has flavors of both.

It’s a sub-$2B Mcap name to match. Every large cap starts as small, but this one might be acquired before then.

Without further ado, let’s jump right in!

• Overview 👉 What Does AvePoint Do?

• Solution Suite 👉 Centered on Confidence Platform

• How Do They Make Money? 👉 Revenue Model

• Key Relationships 👉 Microsoft Partnership

• How Do They Win? 👉 Value Proposition

• By The Numbers 👉 Key Metrics

• Risks 👉 Potential Pitfalls

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