Your comment to summarize this company was, " A lot to like." I would like your comments concerning it's small size at 310.23 million. I bought some shares after I did my research, but would appreciate your thoughts. Also, what about CEO compensation, at over $1M? Also, a few days ago a member posed a question about where companies in the USA and Canada fit into the small, medium, and large cap categories. Would you please refer me to that question. I tried to retrieve it under miscellaneous, to no avail. Thanks, Ben.
There is definitely small cap risk here for PAY but regarding our comments, we think that fundementally it is strong. The company has been generating consistent cash from operations for the last few quarters now, while having zero debt on the balance sheet and strong cash balance. So despite being small, PAY has mitigates the typical small cap pressures by having good access to cash and also displaying growth.
CEO compensation over $1M is not something to be concered about as CEO's are getting paid more now than ever. A recent article looked at Canada's top 100 CEO's in 2022 in terms of compensation and the average was $14.9M a record high. The article link is: https://www.bnnbloomberg.ca/canada-s-100-highest-paid-ceos-broke-new-compensation-records-in-2022-report-1.2017064 PAY is clearly not large enough to be in this conversation but compensation for CEO's of public companies being over $1M is quite normal. PAY has an expected $238M sales this year. We also take some comfort in the fact that the CEO has owns about $6M in PAY shares directly.