Comparison Since we are on the topic of valuation, I decided I would share the following.
Zedcor (ZDC.V) is a company that does mobile industrial and commercial surveillance solutions. From their recent earnings report: Zedcor generated revenues of $9.2 million and $22.7 million for the three and nine months ended September 30, 2024, respectively, and Adjusted EBITDA of $3.4 million and $8.0 million.
We have a much cleaner balance sheet.
Their market cap?
$315M
We are $58M!!
We are severely undervalued relative to so many of our peers. Truthfully if there is manipulation, I wonder if it’s because Doug refuses to bend the knee by doing a financing with the banks. I’ll explain what I mean…
There are many examples out there of companies that do financings and their share price will rip higher. When I say this, I’m referring to companies that have actual revenue and product, not the many pump and dump scams that exist.
After the financings, you’ll suddenly see analysts doing reports on Seeking Alpha etc. which gets even more eyes on the company. Doug, with good reason, refuses to do a financing and part of me wonders if we are being “punished” in a sense for it. Perhaps this seems far fetched but look at our SP! We are expecting roughly $37M rev, profit on that, no debt, cash galore. It’s nuts, and we all know it.
I do believe that at some point gatekeeper will get its due respect and the share price will rocket higher and we will all be pleasantly rewarded for our patience. I don’t know when that is going to happen, but the company is growing and has to eventually get noticed for what it is. My position is huge, I add on weakness and am betting on this horse because I see tremendous value at this price.
I believe we will all look back one day and kick ourselves for not buying when we completely had the opportunity at this price. The numbers speak for themselves.