For example, ServiceNow was one that had performed well recently, but it was completely crushed from its 52-week high. But in reality, we consider them beneficiaries of artificial intelligence because of their position in the IT infrastructure, and their assistance to companies in bridging the gap, overcoming challenges, obtaining appropriate permissions, and all that.
And they are still growing their revenues. They have a really good balance sheet. It appears that management finally wants to start addressing the issue of stock-based compensation, which is a major problem for them.
But you're buying them at multiples that weren't available before, and the option prices are also very attractive. But of course we are ready to own the underlying stock.