BuyTheDip SellTheRip
Contrarian, event-driven, special situations

Issuer Direct: Crucial Acquisition Creates Runway For Growth

ISDR (Issuer Direct Corp.)

Thesis

Issuer Direct is a great little company in a sustainable niche. The stock sits at a favorable intersection of both value and growth, and is quite attractive for several reasons:

  1. Well-positioned in a "sweet spot" with a clear runway for outsized revenue growth
  2. Recurring revenue model and asset-light operating structure with significant operating leverage
  3. Precision IR acquisition allows ISDR to move upstream and expand revenue and gross margin per issuer (GMPI)
  4. Significant insider ownership and cheap valuation

Overview

ISDR provides financial compliance services including reporting, print and production, proxy solicitation, and transfer agent services to corporations and mutual funds. Through ISDR's Disclosure Management System, a public company's management and compliance professionals can manage the entire...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details