RediShred Capital Corp V.KUT

Alternate Symbol(s): RDCPF

Industrials

Redishred Capital Corp. is the owner of the PROSHRED, PROSCAN and secure e-Cycle brands, trademarks, and intellectual property in the United States. The Company operates through three segments: the granting and managing of shredding business franchises under the Proshred trademark (Franchising and Licensing); the operation of corporately owned shredding businesses (Corporate Locations); and supporting the franchises and corporately owned shredding businesses (Corporate). It digitizes, secures, shreds, and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. It grants PROSHRED and PROSCAN franchise businesses in the United States and by way of a license arrangement in the Middle East. It also operates fifteen corporate businesses directly. The Company’s services include home office shredding services, residential shredding services, hard drive destruction services, drop-off shredding services, and others.

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RediShred Capital Corp > Donville-Kent

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Post by Torontojayon Jul 04, 2023 11:05am

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Post# 35525766

Donville-Kent

I’m back with a really interesting idea that I got from Donville Kent Asset Management. I’d like to thank them because they are one of my biggest sources of inspiration and I’m sure they’ll be back with astonishing results after this volatile period.

Redi-Shred is a Canadian roll-up that operates in the B2B and residential recycling business. The company is earning roughly 6 times what it earned in 2017 and the share price has stayed at the same level. The key points of the thesis are:

- Recurring revenue model.
- Provides an essential service to other small/medium sized companies.
- Market share of 2.5%.
- Double digit predictable organic growth.
- 35% margin of safety at current price of CAD$3.8.