MSA - Liberty Park Capital - Blackline Safety Corp: Offers 100% Upside Over The Next 3 Years

2024-04-21 07:45:00 ET

Summary

• Over the past year, we have built a position in our first Canadian listed company. Blackline Safety.
• Competitors have been slow to respond, with only MSA launching a competing product so far.
• Sales have grown from less than $10 million in 2018 to over $50 million in 2023 (>40% CAGR).
• We believe that Blackline offers 100% upside over the next 3 years.

The following segment was excerpted from this fund letter.

Blackline Safety Corp ( BLN:CA , BLKLF )

Over the past year, we have built a position in our first Canadian listed company. Blackline Safety is a provider of gas detection and safety monitoring systems to the energy, industrial, transportation, and consumer packaged goods verticals....

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