Newgen Software

Thank you Vinay for the detailed response with rationale. .

I am also holding the stock from lower levels . I was trying to help with some antithesis for the newbie investors in this counter as bull markets force us making only rosy narratives about stocks we hold.I am seeing very less margin of safety in the price. I saw tweets that reads this company can give competition to salesforce in CRM space with lower price points when the vast majority of its recent growth came from emerging market (india, APAC ) and the company operates in ECM,BPM.

I havnt gone through much product startups in silicon valley but i am expecting some operational leverage kicking in and margin improvement as company grow bigger which hasnt happened yet and I can see the margin is kind of rangebound for the recent years.

Disclosure : holding and reduced exposure this week