We attended the LD Micro Main Event, our first in-person investor conference since the start of the pandemic. Kudos to Chris Lahiji and team for hosting a great event.
Read MoreOur week began with news of QAD’s (QADA) pending sale to private equity firm Thoma Bravo for $2 billion. Full details are in our report, “Thoma Bravo to Acquire QAD for $87.50 Per Share in Cash,” but the highlights include a purchase price representing a 20% premium to the last closing price of the Class A shares and a valuation of 5.9x revenue on a TTM basis.
Read MoreThe United States Postal Service’s (USPS) monthly data for April reflected a 6.4% Y/Y decrease in PC Postage revenue. Although we never like to see declines, context matters.
Read MoreQAD (QADA) has acquired Foreign-Trade Zone Corporation (FTZ), a provider of cloud-based software and services enabling manufacturers to establish and manage foreign-trade zone operations while ensuring compliance with regulations governing the Foreign-Trade Zones program.
Read MoreThe United States Postal Service (USPS) unveiled its ten-year plan, “Delivering For America,” to achieve financial sustainability and service excellence. Consistent with postal reform efforts in recent years, much of the plan hinges upon legislative actions and regulatory changes, including the elimination of mandates requiring the USPS to prefund retiree health benefits, full integration of Postal Service-specific health plans with Medicare, and increased pricing flexibility for market dominant products i.e. traditional mail.
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