@royatirek The OPM has improved drastically to 33% last quarter due to shift towards CMS business but the question is if it is sustainable because historically they had margins in the range of 15-20%. My concern is what if mean reversion happens and margins decline again ? Although the current PE still looks reasonable but stock has already become almost 4x in the past one year and if OPM doesn’t sustain, we would see the PE ratio rising.
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