Jan. 29 at 4:21 PM
Considering the current administrations transactional nature on everything (banking, healthcare, defense, tech, any and all sectors of the economy)... Its going to be a GREAT 3yrs for lobbying companies... So even if we hit a consumer led (or capex bust) slowdown.... The budgets for lobbying wont get cut back as much as discretionary tech or ad spend....
Just so you get an idea of my "recession" plays.... i also bought a daycare company, a lottery pure play and a (high end) salt mine..... Each with its own twist (cap structure or a corporate action or a massive P/E backer, etc)
Back to this
$PPHC is trading at 10x ntm EPS.... I will add if we dip below 11, 10, 8 etc...
The SBC dilution nature of the expansion concerns me, but not a dealbreaker...