You are not worried about the culture and demand more margin of safety? Medpace has hands down the absolute worst reviews on glassdoor compared competitors.
Yeah! The sector is really cheap now and their competitors are selling under 10 times price to cashflow making me to tilt more to them even medpace has superior returns of capital (atleast so far)
Good write up, thanks. I have a quite big position in MEDP. Including DCA’ing, my price was $ 330. I am down 12.3% since then, so this could actually be a good entry point indeed. Because of the current size and the lack of cash I won’t be adding 😬
You are not worried about the culture and demand more margin of safety? Medpace has hands down the absolute worst reviews on glassdoor compared competitors.
I have adressed the Tenure and Culture and not worried about the culture. Not everyone will like the culture, but its working well for Medpace.
Yeah! The sector is really cheap now and their competitors are selling under 10 times price to cashflow making me to tilt more to them even medpace has superior returns of capital (atleast so far)
Good write up, thanks. I have a quite big position in MEDP. Including DCA’ing, my price was $ 330. I am down 12.3% since then, so this could actually be a good entry point indeed. Because of the current size and the lack of cash I won’t be adding 😬
Thanks Wouter, understand your position. Lack of cash is one of the problems when investing 😆