Author Topic: PAR - PAR Technology Corporation  (Read 18919 times)

Casey

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Re: PAR - PAR Technology Corporation
« Reply #60 on: October 14, 2019, 04:19:49 PM »
I have not met him. Searched for videos of Savneet based on a few of these comments about personality... Top couple:

* https://www.youtube.com/watch?v=0QotLYFYUqI (2 minutes)

* https://www.youtube.com/watch?v=0QotLYFYUqI (10 minutes)

Longer gold one is interesting. He does speak very quickly. Appreciate folks sharing what they think might be the negative aspects.
« Last Edit: October 14, 2019, 07:36:29 PM by Casey »


Spekulatius

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Re: PAR - PAR Technology Corporation
« Reply #61 on: October 14, 2019, 04:43:56 PM »
So I listed to Singhís podcast  and he talks faster than an annuity salesman. Apparently has has done dozens of things already at his young age, so itís save to assume he wonít stock around.

Current investor presentation appears to have plenty of grammar and spelling errors or maybe itís just me:
https://www.partech.com/about-us/investors/ (losing site or losing sight? Etc).

Raised money using convertible debt and company is cash flow negative. Wants to build the Berkshire of software - another yellow flag.

Just a grumpy manís assessment. I will put this on my watchlist, it will be interesting to see how it does.

Met him at the Sidoti conference.  He has ADHD and couldn't stop looking at his phone.  He literally would stop our conversation to make a call.  He's either a visionary or a wacko.  He does not live in middle ground.

Thanks for the color on Singh. After listening to the podcast, I thought he might have ADHD, but didnít want to overextend. This doesnít mean that he isnít successful, but if you combine this with the sloppy IR presentation, I think it elevates the risk that things may go wrong.
Life is too short for cheap beer and wine.

BG2008

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Re: PAR - PAR Technology Corporation
« Reply #62 on: October 14, 2019, 06:12:47 PM »
So I listed to Singhís podcast  and he talks faster than an annuity salesman. Apparently has has done dozens of things already at his young age, so itís save to assume he wonít stock around.

Current investor presentation appears to have plenty of grammar and spelling errors or maybe itís just me:
https://www.partech.com/about-us/investors/ (losing site or losing sight? Etc).

Raised money using convertible debt and company is cash flow negative. Wants to build the Berkshire of software - another yellow flag.

Just a grumpy manís assessment. I will put this on my watchlist, it will be interesting to see how it does.

Met him at the Sidoti conference.  He has ADHD and couldn't stop looking at his phone.  He literally would stop our conversation to make a call.  He's either a visionary or a wacko.  He does not live in middle ground.

Thanks for the color on Singh. After listening to the podcast, I thought he might have ADHD, but didnít want to overextend. This doesnít mean that he isnít successful, but if you combine this with the sloppy IR presentation, I think it elevates the risk that things may go wrong.

Another way of thinking about his action is that he actually runs a company now that is undergoing a lot of change.  This is a fast moving business unlike a rock quarry where you collect a royalty check.  Par is trying to grow and add on services and deliver the functionalities that they promised their customers.  He might've literally been putting out fire with the phone calls.  But there is certainly a disdain for people who are not familiar with the story and a lack of understanding for shareholders who haven't done their homework which I admittedly isn't the most versed in their story and theme. 

CookingByTheNumbers

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Re: PAR - PAR Technology Corporation
« Reply #63 on: October 18, 2019, 08:43:40 AM »
For those of you questioning Savneet Singh's ability to grow PAR - this should be a good primer on his managing prowess.

http://investorfieldguide.com/savneet/

Yeah, he's probably got ADHD, but he is also highly successful at a relatively young age.

roark33

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Re: PAR - PAR Technology Corporation
« Reply #64 on: October 22, 2019, 09:00:48 AM »
calling yourself the berkshire of anything seems to be a red flag. 

Spekulatius

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Re: PAR - PAR Technology Corporation
« Reply #65 on: October 22, 2019, 03:54:50 PM »
calling yourself the berkshire of anything seems to be a red flag.

+1
Life is too short for cheap beer and wine.

Casey

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Re: PAR - PAR Technology Corporation
« Reply #66 on: November 08, 2019, 01:27:30 PM »
Up about 14% today.

They also announced the acquisition of Restaurant Magic. Basically a laundry list of back-office functionality that they wanted:

-Inventory Management
-Food Management
-Labor & Scheduling
-Enterprise Reporting
-Enterprise Analytics

https://www.restaurantmagic.com/

wisowis

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Re: PAR - PAR Technology Corporation
« Reply #67 on: November 08, 2019, 01:50:59 PM »
They've also entered into an agreement to sell SureCheck: https://www.businesswire.com/news/home/20191030006166/en/Procurant-acquires-SureCheck

ArminvanBuyout

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Re: PAR - PAR Technology Corporation
« Reply #68 on: November 09, 2019, 04:18:49 PM »
Also said they signed their first legacy Tier 1 client as well as a re-acceleration of Brink installs. Overall strong quarter from a growth perspective and adds some foundation to the story.

Casey

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Re: PAR - PAR Technology Corporation
« Reply #69 on: December 06, 2019, 07:46:04 AM »
I was wondering what their approach to "cloud kitchens" would be. Hopefully this gets some traction.

https://finance.yahoo.com/news/par-technology-announces-release-brink-123000275.html