Micro Focus: The world's only tech stock at March lows
superfluousvalue.substack.com
As many of you know, I'm constantly searching for the most beaten up valuations I can find and seeing what has been passed over by the market. Today I'm posting my thesis on Micro Focus plc, which suffers the dual ignominies of already being in a revenue down-grade cycle when Covid-19 hit and being primarily listed in the UK (not sure which is worse in the current market, but both are ugly).
Micro Focus: The world's only tech stock at March lows
Micro Focus: The world's only tech stock at…
Micro Focus: The world's only tech stock at March lows
As many of you know, I'm constantly searching for the most beaten up valuations I can find and seeing what has been passed over by the market. Today I'm posting my thesis on Micro Focus plc, which suffers the dual ignominies of already being in a revenue down-grade cycle when Covid-19 hit and being primarily listed in the UK (not sure which is worse in the current market, but both are ugly).