JETS - U.S. Global Investors: Successful Global JETS ETF Manager Still Flying Below The Radar - Buy With Both Hands
- Small Texas-based investment management firm has seen assets under management in its Global Jets ETF skyrocketing in recent quarters thus resulting in a massive increase to advisory fees.
- Company recently restructured its investment in red hot cryptocurrency play HIVE Blockchain to reduce the impact on quarterly earnings while preserving participation in additional upside.
- After deducting net assets of approximately $2.50 per share, the company's core investment management business appears to trade at a P/E ratio of below 5.
- Buy with both hands given discounted valuation despite the company's ongoing success with the Global Jets ETF and large potential upside from cryptocurrency exposure.
- Assigning a short-term price target of $11, solely based on assigning a more appropriate P/E ratio of 10 while assuming no further gains from the investment portfolio.
For further details see:
U.S. Global Investors: Successful Global JETS ETF Manager Still Flying Below The Radar - Buy With Both Hands