OTC Markets Group: A Wonderful Company At A Wonderful Price

Green Mage Capital
75 Followers

Summary

  • OTC Markets Group is a great business with a durable competitive advantage and three segment flywheel driving future growth.
  • Management has an excellent record of working for shareholders and returning capital.
  • Based on a free cash flow model with fair assumptions, the company is currently undervalued by 65%.

Business people working together in office

Jose Luis Pelaez Inc/DigitalVision via Getty Images

Although most investors are probably aware of the OTC market or have even purchased stocks off-exchange, very few have stopped to consider the business behind the proliferous inter-dealer trading system. OTC Markets Group (OTCQX:OTCM) provides the largest U.S. marketplace for

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75 Followers
Fundamental research identifying mispriced equities across global markets.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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