For those who can remember, we shared about Exela awhile back and yes, we were disappointed that it went below $1 as the who market and NASDAQ started to tank but here is a good news.
They just announced another big deal with a consulting company that they had 20 years of relationship with. That’s two weeks after they announced another extension with an existing client of theirs. To me, this is a clear sign that they company is
- Going into the right direction winning deal after deal
- Trust is there with exiting clients that they are continuing to win work
- That means there will be more growth for their DocuSign’s competitor product, which I think is going to be the main growth driver.
So we are still bullish on this and we are happy that it’s up 32% today when everything else is red. Again, do your DD before making any investment decisions.