Pax Global Technology went down 24% from its recent highs last Feb 16th. Despite the 112% price increase since our first report, overperforming, by far, all indexes I consider the stock cheaper than last Nov 2019 when @nmahtani91 and I published our first report. 
Market misunderstands Pax. They think Pax is a COVID and tech play and the business will be negatively afected by rates raise or economy reopening. In fact, the stock traded down in line with Nasdaq. I guess the fact that Pax's name is Pax Global Technology doesn't help
Quite the contrary, Pax profits are still very depressed because Pax end clients are physical retailers and the company is trading at <7x PE. Unfortunately, due to listing rule, Pax is not allowed to repurchase shares. Pax will report its earnings during the week of March 22nd
I intend to update our investment thesis and the Target Price after Pax earnings. As a reminder, you can see the investment thesis in the following video (English subs available) or read the English report:
https://twitter.com/gabcasla/status/1248273122190598149?s=20
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