Xpel Technlogies (XPLT) ($3.00) – Adding to Long Position
Our long position was established in 1/18/2013 at $0.29 and we are coding XPLT as a GeoBargain. Our due diligence indicates XPLT is about to take second leg up in its growth strategy. We believe future revenue run rate will be similar to or higher than Q2 2014 revenues which came in at $8.3 million up 70% from prior year. The company has reported 14 straight year over year quarterly revenue growth. Near term price target of $5.00 using a EV/Sales multiple of 4X annualized Q2 2014 revenues.