seekingalpha.com
Pollard Banknote: The Market Is Underpricing The Impact Of New Long-Term Contracts
Pollard Banknote (PBL:CA) remains undervalued despite recent operational setbacks, trading at just 5.7x EBITDA and offering long-term upside potential. PBL:CA secured two major 12-year contracts with the Belgian National Lottery and California Lottery, adding over $50 million in annual recurring revenue. Wall Street appears to underestimate the full upside from these contracts, with my projections pointing to higher FY 2026 EPS and revenue than consensus.
