5 Comments
User's avatar
Oli's avatar

I like AZPN quite a lot, I think it looks pretty interesting long term. A lot of potential there

Expand full comment
Forbes Jamieson's avatar

Me too, the only thing I'm a little iffy on is their cap allocation policy - a bit of M&A going on

Expand full comment
Oli's avatar

Its their primary use of capital apparently, that is a little concerning

Expand full comment
Tim Lester's avatar

Great, looking forward to the other parts.

What is generally better, smaller frequent or less frequent larger price increases to keep customers?

Expand full comment
Forbes Jamieson's avatar

Small ticket repeat purchases can work nicely with more frequent price increases (like See's Candy) - large ticket, annual/multi-year agreements, and the like can be tougher for non-economic reasons - like budgets get set annually and it can be hard for clients to logistically accept the price rise. Psychologically, death by 1000 cuts is more acceptable than being decapitated.

Expand full comment