Facedrive
My first pick is a ride-hailing company, Facedrive (TSXV:FD), which offers its customers less-polluting vehicles, such as EVs and hybrids, along with conventional cars. The company’s environment-friendly positioning has been gaining traction, with a surge in its user base.
In its recently completed first quarter, its revenue increased by over 975% on a year-over-year basis. Meanwhile, Facedrive is looking at expanding its operations to Europe and the United States also. Given the global market size of the transportation-as-a-service, the company has a significant opportunity to grow its business.
Meanwhile, the company is also diversifying its business by entering other sectors, such as e-commerce, food delivery, and healthcare businesses.
The recent selloff in the technology stocks has dragged the company’s stock price down. Currently, the company trades at a discount of 54% from its 52-week high of $28, which provides an excellent buying opportunity for young investors with a longer horizon. .....
or an old guy like me to pass it on the my descendants.