Kraken Seems to be a bargain and potential multibagger. Here's the 24 milestones I'm watching.

I think KRKNF is a textbook case of a multibagger stock selling the sonar, batteries, and towfish systems navies and unmanned underwater vehicles need to defend the seafloor.

With its recent pullback the stock now trades at 13x 2027 EV/EBITDA, which is a bargain if you understand where this company is actually positioning

We've all seen how the Hormuz channel has collapsed to a fraction of normal traffic this year and a resolution seems as distant as it did when the conflict began.

Similarly, we've also seen sabotage of subsea cables and pipelines in other regions too, with the most notable being Nordstream a few years ago. Those following these developments know that NATO and other military powerhouses (including the US) has been increasingly looking at the sea floor as a critical front.

Kraken seems like a strong response to these shifting dynamics.

I do think that it is still very early stage and has a forward EV/EBITDA ratio of 25 which is not bad for an entry in my opinion. It's enjoying fast growth and has a strong balance sheet.

I personally don't suggest a lump sum one time investment for those interested in going long here because a couple of binary, time-bound uncertainties. So I've devised a staged, catalyst-gated entry based on 24 milestones.

If anyone is interested in following along, I've written about that here (its free) [https://earningintel.substack.com/p/investing-in-structural-readiness?utm\\\_source=share&utm\\\_medium=android&r=7aqnn4](https://earningintel.substack.com/p/investing-in-structural-readiness?utm_source=share&utm_medium=android&r=7aqnn4)