SurgePays (SURG), mcap=$60m, price $4.93 vs $3.33

– Microcap MVNO sells broadband to low-income HH through govt subsidized program.
– Attractive unit econs.
– Transitioning from losses to profits with increased scale.
– Growing at 130% and forecasted to deliver bottom-line profits this year.
– The CEO owns 40%.

– Trades at 2.5x EBITDA guidance for ’22.
– 8x PE on earnings of $0.75 for ’22 and $1.38 for ’23 results in targets of $7.5 and $14 per share.

Exp. gain: +120% to $7.5/share by the end of ’22

Full SURG write-up (free guest account required):

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