Great business sitting in an interesting niche, no debt, heaps of cash and expanding quickly. The only reason they're registering low profits is because they're acquiring a lot of inventory and bringing on new staff. It checks out that the sales team will become more efficient as time goes on and they establish connections and run down leads.
Recognisable brand which has good potential to develop a moat. Even if the economy crashes as predicted over the next 24 months, these cameras have space in professional and commercial applications, not just discretionary spending for consumers.
Once the screeners start picking up the free cash flow next year I think this is a short term 2 bagger and a long term hold.
BDT Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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