# Special Bonus: Why SiteMinder Could Be the Most Misunderstood Stock on the ASX

Page: https://stenobird.com/podcast/the-contrarians-with-adam-and-adir-6585229/special-bonus-why-siteminder-could-be-the-most-misunderstood-stock-on-the-asx
Text version: https://stenobird.com/podcast/the-contrarians-with-adam-and-adir-6585229/special-bonus-why-siteminder-could-be-the-most-misunderstood-stock-on-the-asx.md
Podcast: [The Contrarians with Adam and Adir](https://stenobird.com/podcast/the-contrarians-with-adam-and-adir-6585229)
Published: 2026-05-29T19:00:00+00:00
Episode link: https://omny.fm/shows/the-contrarians-with-adam-and-adir-1/special-bonus-siteminder-deep-dive-with-scott-middleton
Audio file: https://pdst.fm/e/traffic.omny.fm/d/clips/88b564ea-a9a6-4751-910a-a5d800019396/18a0368f-0322-48e4-8e5c-b2fa006bbc08/442617cd-da18-4d9a-b7e9-b4580068740c/audio.mp3?utm_source=Podcast&in_playlist=1afe037e-3381-4acc-afc1-b2fa006bbc35
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Duration seconds: 3456

## Resource

SiteMinder has been caught in the ASX tech sell-off, but the hotel software business may be stronger than its share price suggests. Adam, Adir and Scott Middleton from Terem Capital break down the company’s subscription revenue, transaction growth, AI risk, valuation, profitability, and whether the market has overreacted. Join us on Substack for articles, news and more: https://www.thecontrarianspod.com/   See omnystudio.com/listener for privacy information.

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## Transcript

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