I'm curious about EML and whether or not it deserves the recent share price hike. Reason? It has terrible margins and a very low ROE. Why? Is it because most of its growth is based on acquisitions that have been hyped by the market but in reality have not really delivered much on the bottom line? Or something else? I own both EML and APT and the contrast is interesting in that APT has outperformed EML by 3x post covid. However to my mind, APT's TAM dwarfs EML's and most of APT's growth is purely a land and expand organic play - not by acquisition. What am I missing here? I'm sure I'm going to be asked why I hold stocks that I'm questioning the validity of but I see no harm in being hard on my investments and facing the facts. Anyone care to share their thoughts here?

Does anyone else have any thoughts on how this business copes with the onslaught of trouble brewing in the retail sector? I'm hoping Christmas renews interest in gift card purchases but other catalysts are out there? It's proving to be a real laggard in a recessionary environment. More so than I would have expected it to be