$MYID listed as strong tax loss play from Sophic Capital! Solid article from Sophic Capital on Canadian micro and small-cap stocks given the tax-loss season is upon us. It might be devastating for some but can only be a huge opportunity for others looking for potential buying opportunities.
Reklaim Inc. ($MYID $MYIDF) was listed as one of Sophic's strong tax loss ideas (based on companies that can grow their business at rates in excess of their costs of capital)!
Citing the millions of users, location in a $245B data industry that is undergoing a destructive shift and long-term recurring contracts, Sophic sees multiple reasons to invest in $MYID.
Plus, $MYID completes Sophic's tax-loss checklist given they are continuing to grow significantly both year-over-year and quarter-over-quarter with over $2M in cash reported at the end of Q3.
$MYID seems like a solid buy based on this IMO as they're positioned to disrupt a multi-billion market.
https://sophiccapital.com/a-particularly-taxing-time-for-canadian-micro-and-small-cap-stocks/