Ann: FY 2018 Investor Results Presentation, page-22

yeah,fair value is difficult with no meaningful EBITDA or a dividend. I am a fundamental based investor. I have been in EXL in the past, a bit for a trade, hence i am posting on it. ITs a prop for cannabis hype ,and the dreams of the USA USA theme. So far trying to top out at $3.50, but no aggressive move down, so no top.

CWEB is clear leader, has EBITDA margins at 40% odd, and growth, also a bit slowing though, so can be valued using normal metrics.

See SPT for similar, its still on a rising trend ,but in the Buy now pay later pump scheme. People will pay for dreams. It isnt anywhere near slowing down.

Dream type stocks can stay elevated for long periods. Same goes for EXL with the USA market exposure is big.