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Why Genasys (GNSS) Stock is a Compelling Investment Case

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Bonsai Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 63.3% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You should check out Bonsai Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the said letter, Bonsai Partners highlighted a few stocks and Genasys Inc. (NASDAQ:GNSS) is one of them. Genasys Inc. (NASDAQ:GNSS) is a technology company. Year-to-date, Genasys Inc. (NASDAQ:GNSS) stock gained 108.6% and on October 23rd it had a closing price of $6.82. Here is what Bonsai Partners said:

"Genasys is a provider of critical communications solutions for both civilian and government personnel.

Genasys shares appreciated approximately 27% during the quarter.

In September, the company announced contract wins with two of Australia’s three telecom companies to deploy its country-wide next-generation public warning system. This is a great contract for Genasys and serves as another example of the management team doing what they said they would. I continue to be impressed by Richard Danforth’s consistent track record of execution since he took over as CEO.

Genasys also acquired Amika Mobile during the quarter, a Canadian provider of adjacent software solutions in the field of critical event communication and control products. I look forward to learning more about this asset and its strategic fit."

Myimagine/Shutterstock.com

Our calculations showed that Genasys Inc. (NASDAQ:GNSS) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.