4 Comments

NET continues to be a very bloated outlier. I have a substantial short position using put options.

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"When looking at overall median cloud software multiples - we are still 12% above pre-covid highs, 35% above where we were on Jan 1, 2020, and 10% above the previous peak in August 2019. However, if you remove companies that went public during the pandemic, the overall median is right back to where we were pre-covid."

My question: what does high growth software median look like if you remove these?

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You have a few mistakes in the first paragraph. FYI

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High growth software median being 76% above pre-covid is compared to high growth of then or overall median software of then?

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