Thesis: Autoscope’s 40% net margin royalty business has gone unrecognized by the market due to the dilutive effects of a low-margin subsidiary which was sold in September for $4.8M cash. In light of its ability to grow at +10% annually for the next decade, the company is grossly undervalued at a 30% earnings yield less net current assets.
I like your thesis, well presented sir. Do you know if any sales are recurring? Is the monitoring software one time purchase for municipalities? How do AATC's products compare with other players? What would you say are critical factors for this company?
well reasoned, I'm in =)
Thank you so much for the support August! It really means a lot!
I like your thesis, well presented sir. Do you know if any sales are recurring? Is the monitoring software one time purchase for municipalities? How do AATC's products compare with other players? What would you say are critical factors for this company?