Hey dubspec, that's fair enough. Below is an outline of why I think 1PG is likely to be a high growth stock over the next 2-3 years.
- 99% client retention rate - huge validation the product works;
- current clients have increased use of talent pools by 250% in the last 23 days;
- healthy pipeline of clients coming through - management tells us that many of these prospective clients are large, sophisticated organisations;
- service offering by 1PG is substantially cheaper than the service offering of incumbent HR firms (i.e. it has the potential to be hugely disruptive);
- highly capable leadership team (and advisory team);
- significant cash reserves.
Risks: barriers to entry are potentially low; incumbent in the tech HR space (LinkedIn) is already competing in this space.
1PG Price at posting:
$3.20 Sentiment: Hold Disclosure: Held
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