Trade Alert 4/19/24

A microcap with a lot of room to run

Today, in the Investing City Portfolio, we are initiating a position in a company with these attributes:

• 100%+ growth

• Nearly 40% FCF margins

• 150% net retention rate

• Capital light with a very strong balance sheet

• Founder led

• Huge TAM and tailwinds from AI specifically

• Oligopoly market structure with economies of scale

• Trading for 12x forward free cash flow

Sound too good to be true? Let’s dive in…