Hi Bear,
Do you have a link somewhere to your investment thesis for Bandwidth? It’s a company I’ve been looking into, but aside from the company’s own commentary and financial results, I find it challenging to find third party research. Both the company name and ticker symbol produce totally unrelated search results.
Anyways, they seem like an attractive picks and shovels play, being the underlying t1 network for companies like Zoom. What I wonder about is their competitive positioning. How likely is it that Zoom, for example, tries to build their own t1 network to take Bandwidth out of the equation?
I’m interested in your thoughts.