Professional
Added to YB: 2024-05-03
Pitch date: 2024-04-19
CCRD [bullish]
CoreCard Corporation
+102.05%
current return
Author Info
Long Cast Advisers seeks to grow wealth through long-term concentrated investing in small-cap stocks. Follow on Twitter/X.
Company Info
CoreCard Corporation, together with its subsidiaries, provides technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East.
Market Cap
$183.9M
Pitch Price
$11.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.39
P/E
23.78
EV/Sales
2.41
Sector
Software
Category
turnaround
Long Cast Advisers Added On Position: CoreCard Corporation
CCRD: Trading at 3x non-Goldman rev; near trough earnings w/ growth in 2H24 post repriced Goldman contract. $25M annual Goldman revs thru '26 + option Apple stays w/ CCRD if bank switch. Uncertainty priced in at ~$11 for processor of most successful credit card launch ever.
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