Research Feed
SPS Commerce: Carbon6 Acquisition Destroyed Alpha - Pass
Position: PASS SPSC trades at $61.92 (-58% from 52-week high, RSI 4.3) after guiding FY2026 revenue growth to 7% (down from 18%). The stock looks statistically cheap at 12x forward P/E, but factor regression reveals -91.8% annual alpha with 79% idiosyncratic variance. This isn't sector compression -