Oct. 3 at 3:42 PM
$ZIP Hear ye hear ye! This is what is known in layman's terms as an absolute layup!
So at
$4.20 a share you are getting this company at a
$370 million market cap.
Now...first off they have
$420 million in cash and adjusted EBITDA profitable so right away that tells you this is cheap. Very very cheap.
But more importantly they are about to exit a period of intense downturn in their industry. Layoffs are actually good for Zip as it creates movement in the hiring market. This was a
$1 billion revenue business with 90% gross margins back in 2021. If they can get back to that and more over the next few years this could quite easily 5-10x over the next two years with downside risk that is very very low.
Its almost the ultimate risk reward play. Low risk, very high reward.
