Byrna Technologies Inc (BYRN)

[talleyrand]

two nice write ups on Seeking Alpha...Adding To My Byrna Technologies Position

Apr. 15, 2021 10:02 PM ETByrna Technologies Inc. (BYRN)14 Comments7 Likes
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Patrick Doyle
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Long/Short Equity, Long Only, Growth, Momentum

Contributor Since 2017

I'm a quant investment newsletter writer who marries fundamental analysis with the latest research in momentum. Over the past few years, I’ve developed a piece of software that helps me track the level of optimism and pessimism embedded in stock price. I seek to challenge the assumptions embedded in price by profitably exploiting the disconnect between what the market thinks and what is a likely outcome. I invest in those companies that have a greater than average chance of giving us all a surprise in the next few months.



Summary

Since I first wrote about it, the company has posted financial results that I consider to be excellent. In addition, the backlog problem seems to be abating.
With $10 million cash available to it, the company is well-positioned to cover the next year of operations, and to make strategic investments as required.
Given the growth drivers here, I think the $33-38 million guidance is a bit conservative.
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It's been about four months since I published a bullish article on Byrna Technologies Inc. (OTCQB:BYRN), and during that time the stock is up about 32% against a gain of ~12.5% for the S&P 500. The company has since posted full year and quarterly results, so I thought I'd look in on the name yet again.

In this piece, I'm going to review the financial history here, and will review some of the drivers that I consider to be very much intact. Although the company has suffered some significant growing pains in 2020, I consider it to be a great long-term investment. For this reason, I'll be adding to my own position, and I recommend other investors do the same.