Concur Technologies, Inc. (NASDAQ:CNQR)
CAPS Rating:
A provider of on-demand business services and software solutions that automate Corporate Travel and Expense Management.
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A provider of on-demand business services and software solutions that automate Corporate Travel and Expense Management.
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Rich Valuation.
FY1 P/E ~ 80+
FY1 PEG Ratio ~ 3+
FY2 PEG Ratio ~ 2+
Granted the company is growing pretty fast...but the barriers to entry are minimal and the current premium in not justified.
Price target <$25
You are another one that does not get it. Try to short this one and you will lose your shirt. They are the king in this fast growing space. I believe there is a large barrier to entry here. If you understand what they created you would get it. It is all about volume and being able to under cut any one who tries to come into the market.
As stated, doing the number crunching, there is no way you can justify such a huge premium for this company. It would have to grow earnings and revenue by over 60% a year for the next couple of years...at this point I don't see that happening. Unless your banking on being bought out?
At least recommend me for "Top Bear Pitch" for this stock! We need someone to represent. :)