GRND
Grindr Inc.
stock NYSE

If you don’t understand ghey men will pay $350/mo for quality butt, then you’re a fool. GRND

Not sure why my post got removed, but I’m also bullish on Grinder. Revenues growing at 19% YOY , with paid users growing 16%
Almost 100% cash conversion on free cash flow due to minimal capex required. Defendable moat (big dating apps all seem to be staying in there lane, tinder the hookup app, hinge the relationship app, Grinder… well you know grinder). The stock repurchase program is also something to be excited as this will put more money back into the pockets of investors. There are really two main risks I’d be concerned about and that’s the leverage and governance risk. Both are actually subdued IMO as the company generates 6x income to coverage its interest expense and the governance is also subdued since insider ownership has actually been buying back shares since the attempted buyout (I believe you also mentioned this in your post). Unless revenues significantly drop off (which I don’t see happening ) due to some black swan event like severe app technical failure, I don’t see how this app doesn’t do well in the foreseeable future. Combine that with the current 18x price to FCF multiple, I am a strong buy on GRND.

GRND too

If you don’t understand ghey men will pay $350/mo for quality butt, then you’re a fool. GRND

Not sure why my post got removed, but I’m also bullish on Grinder. Revenues growing at 19% YOY , with paid users growing 16%
Almost 100% cash conversion on free cash flow due to minimal capex required. Defendable moat (big dating apps all seem to be staying in there lane, tinder the hookup app, hinge the relationship app, Grinder… well you know grinder). The stock repurchase program is also something to be excited as this will put more money back into the pockets of investors. There are really two main risks I’d be concerned about and that’s the leverage and governance risk. Both are actually subdued IMO as the company generates 6x income to coverage its interest expense and the governance is also subdued since insider ownership has actually been buying back shares since the attempted buyout (I believe you also mentioned this in your post). Unless revenues significantly drop off (which I don’t see happening ) due to some black swan event like severe app technical failure, I don’t see how this app doesn’t do well in the foreseeable future. Combine that with the current 18x price to FCF multiple, I am a strong buy on GRND.

GRND too

GRND