-OTC Markets Group has a near monopoly with no direct competition. This has allowed the company to post double digit margins and profitability.
-The business model that OTC Markets Group has is very scalable and can churn out decent FCF. Management has used FCF to pay dividends, special dividends and to repurchase shares.
-There is low balance sheet risk due to the high cash position and zero debt.
-Future topline growth will come from the investment into the OTCQX Bank Marketplace and promotional techniques for the OTCQB Marketplace.
-Very little investors know the company exists and even fewer will take advantage due to the OTC listing.
Full analysis can be read at:http://seekingalpha.com/article/3907546-otc-markets-group-near-monopoly-decent-valuation-allows-long-term-growth