Market's view on Shearwater
Published on April 2024
- Observations of consistent buying activity for the company’s stock, suggesting positive market sentiment.
- Speculation that the Interim CFO is likely to purchase shares, indicating insider confidence in pending contract negotiations.
- Frustration expressed over repeated underperformance in revenue targets and poor forecasting accuracy, leading to calls for realistic guidance.
- Ongoing concern about the company’s significant expenditure on acquisitions that have not proportionately increased market capitalisation or revenue.
- Discussion on the potential of the company being taken private, possibly by private equity, due to its undervalued market position.
- The cash position of the company is perceived as a safety net that prevents the share price from falling significantly.
- Expectations set for a strong contract renewal year, with concerns about the implications if renewals fall through.
- Continuous disappointment with the company’s financial performance, with some stock watchers suspecting management of having overly optimistic valuations.
- Concerns about the company’s sustained ability to generate meaningful EBITDA or profit, given its track record.
- Speculation about the potential breakup of the company due to its ongoing struggles and failures to meet market expectations.
- Positive note on the potential for government contracts to provide stable revenue streams following initial approvals.