As I stand in line waiting to go through TSA I stood next to a CLEAR kiosk and chuckled I can’t believe this is a public company. Yet they are a private solution to TSA security.

While most bitcoiners hate the TSA I often ask myself what will replace it? A company like Clear can easily fill that void and deliver services to identify people who wish to fly.

Robinhood allowed its customers to invest in the clear IPO years ago. A peek into the performance and as expected with any new company shares are down massively. The company hit the public market at $38.55(36,971 sats) a share on June 30th 2021.

Today it is trading at $25.13 (24,101 sats) with a market cap of $3.21B (30,785 BTC) down almost 35%.

The current PE is at 12.7 (paying $12.70 to access $1 of warning) with a forward PE of 19.9. Analysis expect earnings to decline into the future

But what makes this company attractive to me is the fact the company has zero debt! And a decent sized cash reserve

And they pay a dividend so as an investor you aren’t relying on growth only to see a return on your investment plus the payout percentage is quite reasonable

But here comes the concerning point. This company is mostly owned by institutions with blackrock and vanguard owning the most shares

Wondering what price target they are waiting for before the dump on retail. If retail ever comes to buy this stock in mass.

Growth will be slow as the world only has so many airports and not everyone will be willing to pay for privatized ID solutions but if TSA does get abolished clear would have a pathway for fantastic growth.