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No. of Recommendations: 52
Don't get me wrong here, I stand by my decision to sell and redistribute, but if some people could provide perspective and show me the errors/holes in my analysis, this would be fruitful for my future decisions.

Based on your comments, it appears Appian's business is not all that appealing to you. I don't know the company, but assuming all your info is correct I'd have to agree.

Your "error" seems to be based entirely on the fact the stock price hasn't moved the way you anticipated. In broad terms, it looks like you are letting price (an uncontrollable result) cloud your process of breaking down the business. In the long run price follows performance, not the other way around. That's why you see so few mentions of specific prices when discussing companies here. If you don't like APPN's business performance, don't get bogged down on the price of the stock. Stick with your filtering criteria as long as you believe they are the right ones for you. Otherwise, there's a chance you'll get distracted by every Hertz and Kodak that comes along (extreme I know, but it hopefully makes the point).

Ultimately, we are buying companies and not stocks.
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