Massimo Group: A Profitable Micro IPO That's A Lottery Ticket With Odds In Your Favor [Seeking Alpha]
Massimo Group (MAMO)
Company Research
Source: Seeking Alpha
The company manufactures power sports vehicles and boats, and its CEO owns 34 million of the 41.3 million outstanding shares. Outstanding financial performance in Q3 and Q4 has likely been overlooked, leading to an opportunity for stealth buyers. EPS was $0.10 each in Q3 and Q4. I expect at least $130 million in revenue and $0.40 in EPS in 2024 based on traction seen in the final half of 2023. I think $3.00 is a strong floor price, and $10.00 is a reasonable near term price target. As 40 million shares have a six month hold period, there are only 1.3 million shares in the float with no chance of dilution below the $4.50 IPO price, making MAMO an excellent trading vehicle with high volatility for speculators. There have been many new micro-IPO listings on the NASDAQ over the last few years. The vast majority of them end up being money-losers, potentially after a quick pump. When I first saw Massimo Group ( NASDAQ: MAMO ) trade and realized that its IPO was for 1.3 million shar
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MAMO
News
- Massimo Group Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Massimo Group Reports First Quarter 2024 Financial ResultsPR Newswire
- Massimo Group Secures New Distribution Partnership with Fleet Farm, the Midwest's Premier Outdoor Retailer [Yahoo! Finance]Yahoo! Finance
- Massimo Group Secures New Distribution Partnership with Fleet Farm, the Midwest's Premier Outdoor RetailerPR Newswire
- Massimo Group Expands Partnership with Global Omnichannel Retailer for Youth Series Vehicles [Yahoo! Finance]Yahoo! Finance
MAMO
Sec Filings
- 5/14/24 - Form 8-K
- 5/14/24 - Form 10-Q
- 4/19/24 - Form S-8
- MAMO's page on the SEC website