QAD Inc. (QADA) has agreed to be acquired by private equity firm Thoma Bravo for $87.50 per share of Class A or Class B common stock in cash. The purchase price represents a 20% premium to the last closing price of the Class A shares prior to the announcement of the transaction and equates to an equity value of approximately $2 billion.
Read MoreWe have several new data points to discuss that are relevant to Stamps.com (STMP). First, monthly data from the United States Postal Service exhibited the first meaningful decline in PC Postage revenue since the start of the pandemic, falling 21% Y/Y in May.
Read MoreAmerican Software (AMSWA) had a meme stock moment of its own as shares rocketed higher following the company’s fiscal Q4 ’21 earnings release. Full disclosure, K. Liu & Company LLC provides American Software with investor relations services.
Read MoreThe United States Postal Service’s (USPS) monthly data for April reflected a 6.4% Y/Y decrease in PC Postage revenue. Although we never like to see declines, context matters.
Read MoreQAD (QADA) reported fiscal Q1 ’22 results ahead of our estimates and consensus. The strong performance was highlighted by a substantial increase in new customer wins and the highest Q1 bookings ever.
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