Completed dd on $BKTI. New products will expand their TAM enormously opening them up for much higher sales and larger contracts. They are small player in the industry at 2% market share. If they increases this to 5% revenues go past $100m.
Q4 eps of .08 is good baseline for q1 and nice upside from there in seasonally stronger middle q’s. I believe they will complete a non hardware acquisition before year end. I will add to my position anywhere under $4.50. Will take few q’s for story to unfold.
Any infrastructure deal could help expand funding for their products as government gets bigger under the nanny state. One significant negative is their reliance on governments as customers at federal, state, and local levels.
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