I am getting more and more annoyed (not less and less) over time, over how Oracle scooped ACX up so cheap. I bet the 2 founders are now too.
Have you guys seen the ASX tech stocks lately?
Wisetech (WTC) soaring at $18 ($5.5 billion).
Altium (ALU) hit $25 ($3 billion).
Afterpay (APT) now closing in on $11 ($2.5 billion).
Appen (APX) once traded at $14 ($1.5 billion).
Carsales.com.au (CAR) $15 ($3.6 billion).
Realestate.com.au (REA) $90 ($12 billion).
Xero (XRO) nearly hit $48 ($6.5 billion).
Any tech stock that shows decent management and good revenue growth is simply shooting up.
And I haven’t even touched on the US tech stocks yet.
If ACX were still trading in this environment, it would have flown to $16 no doubt.
Instead, it got sold out for less than half of that. Terribly pissed at that now the more I think of it! We should have been enjoying this tech bull run after suffering miserably at under $5 for a prolonged period of time.
ACX Price at posting:
$7.79 Sentiment: Hold Disclosure: Held