May. 12 at 3:01 PM
$TOST has lost it's narrative that brought hype to its 2021 IPO.
This was a hyper growth mid-cap company that IPO'd 5 years ago with a lot of hype around industry leading innovation and R&D.
The revenue growth is good, but has slowed. The innovation is there, but nothing disrupting and is lacking wow factor and excitement.
The balance sheet is solid, but this has become a lackluster, slow growth, very long term play riding on an extremely high risk industry (service industry) during uncertain economic times.
It needs a catalyst beyond good fundamentals. The market has already shown that isn't enough
