Byrna Technologies Inc (BYRN)

[talleyrand]

Non-Lethal Weapon Starring Byrna Technologies, The Business Looks Promising

Apr. 16, 2021 1:07 PM ETByrna Technologies Inc. (BYRN)AXON5 Comments3 Likes
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Long-Term Horizon, Value, Long/Short Equity

Contributor Since 2015

I have been investing in stocks for 13 years now, most of the time in my native Bulgaria. I have a bachelor's degree in Finance and a Master's degree in International Business and I like reading Pratchett and Michael Lewis. Regarding the opportunities that I cover, please take into account that I'm an admirer of legendary fund manager Peter Lynch so I tend to follow a lot of his investment philosophy.

- Disclosure: I am not a financial adviser. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading.

Summary

The company manufactures and sells CO2-fired non-lethal weapons that can use kinetic and chemical irritant rounds (like pepper).
Byrna expects to book revenues of $33-$38 million in FY21, which is double the level from the previous year.
This one has exactly what I want to see in a growth stock - an interesting product, rapidly growing sales, and economies of scale.
Three jars with red, green and red pepper
Photo by angelsimon/iStock via Getty Images
Investment thesis

Yes, you've read that right. After 15 bearish SA articles about OTC-listed companies in 2021, I'm finally bullish on one.

Byrna Technologies (OTCQB:BYRN) has exactly what I want to see in a growth stock - an interesting product, rapidly growing sales, and economies of scale. What's even more impressive is that the company has been growing mainly thanks to word-of-mouth marketing. Overall, I think Byrna should be worth at least $2.50 per share.