2024-06-17 09:00:00 ET
Summary
- Gatekeeper Systems is a Canadian microcap growing at >20% per year.
- The company focuses on public transit video surveillance solutions, and recent legislation has expanded their target markets.
- Gatekeeper is led by owner-operator Doug Dyment, who has a successful 30-year track record in the industry.
- The market has not yet priced in sustained profitable growth, despite impressive recent results.
Gatekeeper Systems ( OTCPK:GKPRF ) (GSI:CA) is a tiny company (market cap $42 million) traded on the Toronto Venture Exchange and over the counter. It has $1 million in debt, $4 million in cash, and is generating about $5 million a year in OCF. It has also been growing at around 20% CAGR for the last decade, and since reaching profitability in 2020, has been posting impressive – if uneven – returns on equity and invested capital (around 15%). These numbers drew my attention earlier this year....
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Gatekeeper Systems: Recent Legislation Can Help Sustain A Track Record Of 20% Growth