Post by MikeTesteron Jan 24, 2025 7:24pm
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Post# 36420025
A-Mark Precious Metals: A Diversified Powerhouse in the Glob
A-Mark Precious Metals: A Diversified Powerhouse in the GlobLooks like a solid play in the precious metals space. AMRK's diversified model is impressive - $9.7B revenue, multiple segments including wholesale, direct-to-consumer, and lending. Q1 numbers show 9.3% revenue growth to $2.72B. Digging the strategic moves like JM Bullion acquisition and LPM Group buy in Asia. Direct-to-consumer segment growing nicely with 3.12M customers and $2,970 avg order value. Management seems sharp with CEO talking about potential M&A opportunities. Liquidity looks strong with $46.9M cash and $422.5M credit facility. Trading at attractive multiples right now. Might take a starter position and watch how they execute.BTW, BeyondSPX continues to deliver high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Great resource for DD. https://beyondspx.com/article/a-mark-precious-metals-a-diversified-powerhouse-in-the-global-precious-metals-industry