I think MIPS is a bit too hard for me. Dont really know how to get to confidence regarding its current position in sports helmets, potential in safety helmets to justify a high valuation.
Lots of things to like, but I don't think I'll get the conviction needed to justify spending the time for research on this one.
It's a major reason of why I'm not confident in the growth needed to justify valuations. Although MIPS can be a trusted safety brand to many consumers, brands with enough clout, scale and thus budget will try to develop their own version. Maybe I should look deeper into the market concentration in helmet brands to see if a company has enough volume to justify the investment... The valuation (and thus growth needed to achieve decent IRR) and this "doubt" are why I'm watching from the sidelines. More obvious opportunities when you look globally.
What do you think about MIPS after the weakness in share price and the helmet market?
I think MIPS is a bit too hard for me. Dont really know how to get to confidence regarding its current position in sports helmets, potential in safety helmets to justify a high valuation.
Lots of things to like, but I don't think I'll get the conviction needed to justify spending the time for research on this one.
Regarding MIPS, what do you think about this recent news:
https://www.bikeradar.com/news/lazer-kineticore-helmet-safety-technology/
Isn't there the risk that somebody comes up with a "better mouse trap"?
It's a major reason of why I'm not confident in the growth needed to justify valuations. Although MIPS can be a trusted safety brand to many consumers, brands with enough clout, scale and thus budget will try to develop their own version. Maybe I should look deeper into the market concentration in helmet brands to see if a company has enough volume to justify the investment... The valuation (and thus growth needed to achieve decent IRR) and this "doubt" are why I'm watching from the sidelines. More obvious opportunities when you look globally.