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Stock impact report

Rimini Street: Q3 Missed Optically, But The Core Business Is Still Intact [Seeking Alpha]

Rimini Street, Inc. (RMNI) 
Company Research Source: Seeking Alpha
RMNI's record backlog, rising billings, stable gross margins, and active share buybacks reinforce long-term value and margin of safety. Short-term profitability softness is offset by a clean balance sheet, net cash position, and transition to higher-growth services. At 6-7x EV/EBITDA, RMNI trades below fair value; upside potential is supported by sticky recurring revenue and undervalued multiples. NicoElNino/iStock via Getty Images Back in August, I called Rimini Street, Inc. RMNI ) a Buy primarily because the company was getting out of the woods from the legal overhang with Oracle, and the underlying growth was good. It's 3 months This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha) Show less Read more
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