YB new stock pitches (Fri, Jan 10)

I use Interactive Brokers link to trade international and OTC stocks (if you can’t trade them in your current brokerage)

Haivision Systems Inc. (HAI.TO) is a live video solutions provider with a $150 million market cap, trading at an EV/EBITDA of 11x. The company is pivoting from commercial contracts to defense applications, leveraging its low-latency, high-bandwidth technology for AI-driven object detection and autonomy. Haivision recently secured a $60 million U.S. Navy contract and formed a partnership with Shield AI, positioning it to benefit from growing defense sector demand. The company's solutions integrate advanced analytics and remote access capabilities, enabling real-time processed video feeds for AI models. With its shift towards defense applications and potential for substantial growth, a speculative position has been initiated in Haivision.

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I use Interactive Brokers link to trade international and OTC stocks (if you can’t trade them in your current brokerage)

Bajaj Finance Limited (BAJFINANCE.NS), India's largest NBFC with a $50 billion market cap, has experienced remarkable growth since 2010, expanding its loan book 89x and customer base 48x to 92 million. The company maintains a diverse product suite of over 40 lines, including consumer, SME, commercial, and rural lending, as well as deposits and wealth management. With a strong IT infrastructure and data analytics capabilities, Bajaj Finance has achieved consistent growth while maintaining excellent credit quality (50 bps average NPAs over 10 years) and low operating costs (30% cost/income ratio). The company boasts a conservative balance sheet with 21% capital, generates over 20% ROE, and is 51% insider-owned. Management has outlined a five-year plan to double the company's size, reduce costs, and increase its customer base to 200 million. Despite a 3.4x increase in EPS since 2021, the stock price has remained flat, suggesting potential for future price appreciation as fundamentals catch up.

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I use Interactive Brokers link to trade international and OTC stocks (if you can’t trade them in your current brokerage)

Tecogen Inc. (TGEN) is a hybrid chiller and cogenerator manufacturer targeting the data center market, offering 30-40% energy savings with a 2-year payback period. The company's unique patented products and white papers demonstrate market leadership. Q4 revenue is expected to be $6M, with Q1 projected at $7M and a $12M backlog. TGEN boasts 50% margins and has seen recent insider buying. The company's chillers can run on electricity or natural gas, providing cost savings and eco-friendly benefits for data centers. TGEN also offers cogenerators and energy production services. With a record $12M backlog and recent demand for cogeneration products, the company could potentially reach a $200M market cap within a few years if it secures data center customers. Risks include the lack of current data center customers, family business concerns due to high insider ownership, and typical microcap issues such as low liquidity. Management expects to secure the first data center customer in Q1 2025, with potential upside of 300%+ if the thesis plays out.

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