Founder-Led compounder hiding true earnings (Buybacks, 9x P/E, consistent growth)

The Company I’m sharing today is a rare case that checks the following boxes:

• High quality, recurring revenue, toll bridge type business

• Double digit growth in revenue and profits for several years

• Founder-led, with the founder increasing his stake daily, right now

• Profitability hidden due to Lease accounting. Clears up in 12-18 months

• Multiple free call options (Tech, M&A call options, franchise pipeline)

• Daily ~50 kUSD liquidity (sweet spot of investable & small cap discount)

• Trades at 9x earnings, guides for strong earnings growth to continue

I like each of these properties a lot, but rarely find them all in one stock.

After passing on a truckload of companies because of the Iran situation, I was happy to buy this one given the unique situation.

Let’s work out why.