Tagmaster Q4: Staying the Course

Research Note

2021-01-29

07:30

Redeye maintains its view even in the eye of uncertainty. We keep our valuation of TagMaster after the company's Q4 report. We make some adjustments to our sales estimates in the short term while encouraged by its healthy gross margin and cash flow. There are true headwinds in the market right now. We believe that there are more improvements to come, and there will be a pent-up demand as we advance, with new programs that will create demand for sustainable transport solutions where Tagmaster can play an important role.

MH

Mats Hyttinge

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