Zuora: A Company With Potential, Issues, And A Takeover Ready Valuation

Maskot Investment thesis Our current investment thesis is:  ZUO is a market leader, ensuring it should progressively grow over time with limited churn, even if this lags behind its peers. This should drive incremental margin improvement through operating cost leverage, increasing its attractiveness. We struggle to see how ZUO can gain market share and reach an attractive financial profile, but this is less important at its current valuation. All that is required is a continuation of its mild trajectory  ...