Jeremy Raper makes his record fifth podcast appearance to discuss his latest high conviction idea: POSaBIT (POSAF). POSaBIT is a microcap company trading on a very small foreign exchange, so risk is certainly elevated here and listeners should remember to do their own work / this is not investing advice. However, Jeremy believes that the company's strong growth and big moat far outweigh the various red flags and risk around it, and that the stock is significantly undervalued based on where much slower growing peers are trading.
Jeremy's seeking alpha article: https://seekingalpha.com/article/4462310-posabit-systems-3x-upside-potential
Chapters
0:00 Intro
2:00 POSaBIT overview
14:30 Diving into POSaBIT's moat
22:10 Why POSaBIT's take rate is sustainable
28:45 If Cannabis got legalized tomorrow, what would happen to POSaBIT?
33:30 Is private equity rolling up the industry a risk?
37:10 Discussing valuation
46:55 Breaking down the RTO / reverse merger red flag
53:10 Jeremy's closing thoughts