Daily Archives: Thursday, August 29, 2019 5:40pm

We have updated our Lightspeed POS Inc. (LSPD.TO) presentation, updating our thesis to include further details on our segment forecasts and valuation. Lightspeed (LSPD.TO) August 29, 2019, Institutional Investor SELL Pitch – Perspectec We are making this presentation public for marketing purposes. Institutional Equity Research subscribers had access to an earlier version of this presentation on August 13, 2019. We believe investors holding LSPD.TO should sell their shares. Our investment thesis is that: There are material headwinds Lightspeed’s growth strategy Lightspeed’s Customer Growth has (and will) come almost entirely from acquired platforms Organic customer location acquisition costs are high and […]