RE:Globe & Mail Very interesting comments from Laidlaw around private vs public.
Personally, I think this year is transformational for VerticalScope.
They've reduced long term debt from 54M to 45M in just the first 2 quarters of 2024. Probably exit 2024 close to 30M. They pay about 10% interest, over 1M per quarter in total, so reducing this much debt so fast will be a big savings going forward. Snowballing in favor of the company.
FCF for 2024 will likely end around 25-30M. Thats very solid for a company of only approx. 230M EV.
Growth is still accelerating at double-digit pace and that should continue.
Just need a couple more solid quarters and this will start to get a lot more interest and with it volume.