"Recently Buddy Platform (BUD) has traded as high as 41.5c on the rollout of the Buddy Ohm platform. However recently as a result of the normal cycle of how stocks move, it has retreated to a lower base. Unfortunately the sentiment in BUD was strongly dented by the GetSwift (GSW) fiasco.
Equity Story believes this has presented an excellent time to enter the Buddy Platform story if you are not already invested in the company. Buddy has signed deals with Ingram Micro, Telstra, etc... throughout the world and today announced a deal with Nestle after successful trials to incorporate the Buddy Ohm platform into their network of factories globally (Nestle has 447 factories and operates in 194 countries employing approximately 390,000 staff).
The revenue potential of Buddy over the next two years is extraordinary. Of course until companies are actually making money, there is a lot more risk, however the risk to reward potential of Buddy is very exciting. Buddy presently has a market cap of $176M with around $35M in cash, and is primed to potentially be one of the most exciting stories of the future.
Equity Story reiterate a Buy on Buddy Platform (BUD) as a Ten Bagger story and advise to Buy Under $0.20.
We are still trending BUD and have it as one of our Ten Bagger stories. Realising the potential, we do not want to be selling the stock! We believe the market will obviously find it hard to understand the revenue potential of Buddy. We believe that now is the ideal opportunity."
BUD Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
