Appreciate the work here! I had Semler on a watchlist but hadn’t done any research. When they announced the Bitcoin thing I immediately removed them. Glad to read your more substantive report confirms my action.
Thanks for letting me know. The past growth and valuation make Semler look cheap. Management’s poor record of acquisitions and their failure to buy back a bunch of the company at what appeared to be a cheap valuation was enough to make me pass.
Appreciate the work here! I had Semler on a watchlist but hadn’t done any research. When they announced the Bitcoin thing I immediately removed them. Glad to read your more substantive report confirms my action.
Thanks for letting me know. The past growth and valuation make Semler look cheap. Management’s poor record of acquisitions and their failure to buy back a bunch of the company at what appeared to be a cheap valuation was enough to make me pass.
Did not see the Bitcoin buy coming though!