Sorry also where did you find that 80% of new orders are from existing customers? I am also long SOM and have done significant amount of research however haven't found either of these stats. Even more bullish now however! thanks again for a great article

Hi Matt, glad you enjoyed the article. The estimate was from the broker. Yes there could be reversion to the mean over the next few years. I think that is why the shares are being priced so low. However the update from yesterday gives me a bit more confidence this is an on-going trend at least for the next few years if not longer if they can gain more revenue outside the US.

Sorry also where did you find that 80% of new orders are from existing customers? I am also long SOM and have done significant amount of research however haven't found either of these stats. Even more bullish now however! thanks again for a great article

Thanks for the article - where did you source the stat of 97% market share as I haven't seen before?

excellent article, totally agree, wrongly priced for the margins it makes.

Thanks Steve, glad you enjoyed the article.

deletedDec 8, 2021Comment deletedHi Matt, glad you enjoyed the article. The estimate was from the broker. Yes there could be reversion to the mean over the next few years. I think that is why the shares are being priced so low. However the update from yesterday gives me a bit more confidence this is an on-going trend at least for the next few years if not longer if they can gain more revenue outside the US.