I find MIPS an interesting company, having a patented technology, that is added to helmets. The three segments, Sports, Moto, and Safety, are all growing with at least 81% YoY growth. This is also a very high-margin business, with an EBIT margin of 60%. The valuation is very steep, but so far they are delivering and the Q3 results are amazing. It will really be interesting to see if they can get their foot in the door for safety helmets, especially those helmets are replaced frequently.
Yes excellent results. It been on a remarkable run in the last 3 years, I first bought some in early 2019. Surprised the shares have dropped back from the peak, so I have topped up this morning. Yes I agree this share does not look cheap but you can often pick some up on the dips, if you see the chart you see what I mean.
I don't hold many European stocks now, so I don't have the Stockopedia European section. I found information is difficult to find, many stocks not available on my platforms and trading costs are high.
It is good to see a post about a European stock.
