PagerDuty was a screaming short last summer, an example of SaaS's over-competitive landscape and trading at a high valuation to boot. But with half the valuation and a stronger competitive advantage than expected, has the page turned for this tech company? Akram's Razor explains why he's taken the other side of the trade, and why the moat for PD has held up versus new entrants.
Topics Covered
3:00 minute mark - What does the competitive landscape look like?
5:30 - What is PD's space exactly?
9:15 - How wide a moat?
11:00 - Why are you long?
17:00 - Are they attracting new business?
20:00 - Pricing discussion
25:15 - Have competitors had any success at slowing down PD?
30:45 - Net dollar retention going in the wrong direction?
39:30 - What are you looking for in terms of the stock at this point?
42:00 - Acquisition candidate?
54:00 - Why own "value SAAS"?
Topics Covered
3:00 minute mark - What does the competitive landscape look like?
5:30 - What is PD's space exactly?
9:15 - How wide a moat?
11:00 - Why are you long?
17:00 - Are they attracting new business?
20:00 - Pricing discussion
25:15 - Have competitors had any success at slowing down PD?
30:45 - Net dollar retention going in the wrong direction?
39:30 - What are you looking for in terms of the stock at this point?
42:00 - Acquisition candidate?
54:00 - Why own "value SAAS"?
Activity