On lifewire 2 or 3 days ago Birddog Technology (ASX: BDT)Fergie...

On lifewire 2 or 3 days ago

Birddog Technology (ASX: BDT)

Fergie believes this firm, a manufacturer of audio-visual equipment including cameras for conference applications, is drastically mispriced. “The numbers on the business look crazy at the moment…it’s got a market cap of $11 million and the cash on the balance sheet sits at $21 million – plus $12 million of inventory,” Fergie says. He believes the opportunity is presented bysome of BDT’s challenges since first listing at the end of 2021. These includesupply chain difficulties and a supplier contract dispute. “It’s one of those businesses that investors have been so disappointed and frustrated with, they’ve been willing to cut their losses and run,” Fergie says. “But if they get their operating business back on track, it could go up four or five timeseasily in the next 12 months, just becauseit's been so oversold recently.”