Rand Worldwide, Inc. (OTC:RWWI) is Autodesk’s (NASDAQ:ADSK) top software reseller. The company reported revenue of $222 million for its year ending June 30, 2019 and was moderately profitable.
Today, annual revenues are tracking at $336 million, an increase of 51% vs. June 30, 2019 and annual earnings per share are tracking at $1.80, an increase of 374%. The stock currently trades at a market cap of $772 million, a 571% increase since growth began to inflect in early 2019.
RWWI possessed 3 multibagger traits, but one major factor really set off this multibagger move that shows up time and time again in other multibaggers.
I presented our bullish thesis on RWWI to GeoInvesting premium subscribers on February 8, 2019 at $3.70. At the time of this post, the stock closed at $22.25, off its recent high of $25.00. I cover the 3 RWWI Mulitbagger catalysts in the following video case study:
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