Chris Krug from Chatham Harbor Capital on Performant $PFMT

Chris Krug, President of Chatham Harbor Capital, breaks down his thesis on PFMT, including why he thinks the stock could be a multi-multi-bagger.

Chris's twitter: https://twitter.com/chcap2016
My thread on PFMT notes: https://twitter.com/AndrewRangeley/st...

Chapters
0:00 Intro
1:05 PFMT Valuation Outline
4:40 PFMT business overview
15:15 How PFMT "lands and expands" verticals
18:55 How PFMT integrates and ramps up new contracts
27:55 Why can't a start up come and displace PFMT?
32:05 What PFMT's financials look like once all their new clients onboard
35:40 Quantifying PFMT's margin outlook
37:25 Why can't HMS respond to PFMT?
40:20 Why is Parthenon selling so aggressively?
44:20 PFMT's capital allocation
47:25 Would healthcare reform hurt or help PFMT?
49:15 What could kill this investment?
53:10 Closing thoughts

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