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Grindr Inc. (GRND): A Bull Case Theory

We came across a bullish thesis on Grindr Inc. on Bristlemoon Capital's Substack. As of 9ᵗʰ July, Grindr Inc.'s share was trading at $22.13. GRND's forward P/E was 50.30 according to Yahoo Finance.

[caption id="attachment_889152" align="aligncenter" width="750"] Source: AdobeStock[/caption]

Grindr (GRND), a dating app primarily for gay and bisexual men, has established a monopoly in its niche market. The app's user base spans over 190 countries, with 14.7 million monthly active users (MAUs). Grindr's product design emphasizes speed and proximity, allowing users to quickly find and...