Hi there,
Outside of OTEX, the DOCKS are all trading at pretty expensive levels - all of them are trading at or near record high P/E, P/B, and P/S ratios. Open Text is the most reasonably priced of the group.
Using our favourite metric PEG, CSU doesn't actually look all that bad with a PEG ratio of 1.11 currently.
I'd be comfortable with CSU and OTEX as these levels (in other words, don't thin there is a need to wait for earnings.) They also are on our Bull Lists, so we obviously have a high degree of confidence in these two.
As for the others, I have a hard time wrapping my head around the valuations of SHOP and KXS at the moment. That being said, they continue to defy expectations. Any slight miss on earnings and we can see their share price crater (-20% is possible). That would signal a buy opportunity in my books as they are all solid tech names.
I would say DSG is middle of the pack in terms of valuation.
In this environment, it is always prudent to average into positions. Case in point, Shopify typically makes big moves following earnings (double-digits either way). Buying a portion before, and adding to your position post earnings is a prudent approach as you limit your downside.
Finally, LSPD is definitely one to watch on earnings. The company has rebounded quite nicely but the pandemic has still hurt small to mid sized businesses. Given this, it is imperative that the company have a strong quarter. If not, I fear it will be in for big losses. If it does well again, there is a good chance it can break through $40.00. Once again, I stress the importance of averaging in.
Another company you might want to consider is REAL - it has been a beast and one that we have been looking at closely.
Mat