Kraken Robotics Inc. (PNG.V)

Remarkable job pivoting to defense. Thankfully a lot of geopolitical conflicts around the world have eased, but that's why the stock's probably come back down. Keep a core position, perhaps 2-3%. As it goes up toward $5, take some money off the table. When it goes down, buy the dip.

He bought this 6-7 years ago. They make incredible products. Growth is good. Are in a hot sector--underwater defence. But business will be lumpy due to large contracts with governments and navies. Doesn't own it now because of the high valuation.

Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
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Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
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Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
Unlock Premium - Try 5i Free  

Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
Unlock Premium - Try 5i Free  

Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
Unlock Premium - Try 5i Free  

Great run, he continues to be very positive on it. In Canada, we can't afford an aircraft carrier and can barely afford submarines. Drones might be a low-cost way for us to start being more assertive in terms of our sovereignty in the North. In growth mode supplying batteries to its US partner. Canadian government may possibly invest.

(Note the short timeframe.)  The area of underwater drones is really ramping up. Interest by US investors has really pushed this up. Both the multiple and the revenue have grown.

Popped because O&G underwater devices can be used for defense. 12-month price target of $7.80, still a bit of runway.

Likes it a lot. Would suggest a longer hold than 2-3 years, as it's a relatively small company. Batteries, sonar, military. Products are robust and customers like them, but their small size was an impediment. Borrowed $100M to shore up balance sheet. Contract backlog is growing.

Market cap is now over $1B, which brings more investor interest.

It is involved in the next frontier which is oceans, Makes submersible drones, small to big which will allow the military to expand under the seas where they haven't been able to in the past. It is very good in sonar and battery technology which can stand the under water pressure. In its quarterly reports expectations have been met. Its valuation has increased but growth is good.

Really likes it, and so do his firm's fundamental analysts. Strong fundamental story. Technicals are awesome. Good run. Add on weakness. Expect a consolidation or correction in next month or two, and that's when he'd be looking to add.

A 6-bagger over the last 3 years, and revenues have tripled in that time. Underwater technology is being taken into the field for oil & gas.

With more spending on defence, especially with the NATO cap moving up, there's an opportunity in defense as well as in commercial. Multiple products and technologies, including underwater batteries that are exclusive to what they do. Robotic vehicles too. Super-strong topline and bottom line growth. 

This week, completed a $150M equity raise that shores up balance sheet to satisfy future deal requirements. Looking at acquisitions. No dividend.