Lou Whiteman

a future business, what really stood out to me more than just kind of the numbers.

It's possible that why I was wrong is, is that in a tight budget environment, tools that allow you to do more with your same personnel, that that is compelling enough.

Is this a great business?

This is still a work in progress.

I might push back on that, that it's just a fantastic business.

There's tons of CapEx.

And if you look at the net income relative to revenue for a company that's been around this long, almost 800 million in revenue, and they can only generate 3 million in net income,

that's not what you want to see long-term.

I'm going to give them a pass for that now because they are building something.

A ton of stock-based compensation here, still trading at 60-time future earnings.

To me, this is the definition of a hold and not a buy here.

I'm glad I'm in where I am.

I don't find this as like, wow, this is the best opportunity to throw new money for me, but there is no reason to hit the exit either.

That's glass half empty.

Glass half full is they still see enough worth investing in that they are still in investment and growth mode.

I tend to give them the benefit of the doubt because they've done so well over the years.

But look, it's a thing until it isn't, right?

I mean, at some point, they do need to just be able to turn all of that revenue growth into oversized profits.

I don't think the market should be demanding it today.

I get the response, but it's just something I think for a long-term shareholder to watch.