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  "documentTitle": "Outerbridge Comtech Presentation November 2021",
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  "presentationDate": "2021-11-01 00:00:00",
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  "notes": "Includes a peer benchmark table for EV/FY22 EBITDA and market share pie charts for NG911 and NGCS.",
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      "kind": "callout",
      "text": "Why hasn't Comtech provided detailed information to allow the market to properly value the NG911 business unit?",
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      "text": "If it were valued at peer multiples, Comtech's 911 Business, which we believe represents around 30% of the Company's annual revenues, could be worth at least $700 million on its own – exceeding in value Comtech's current market cap",
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      "kind": "chart",
      "text": "NG911 Primary Contract Holders Market Share (YE 2020)",
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      "text": "NGCS Market Share (YE 2020)",
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      "kind": "list",
      "text": "Comtech Strategic Position: Frost & Sullivan names Comtech as the fastest growing NG911 provider in the U.S. Key NG-911 wins: Massachusetts, Pennsylvania, South Carolina, Arizona, Iowa, Washington, Maine, Ohio.",
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      "text": "Source: Investor Presentation Q4 FY21; FactSet as of 11/18/2021",
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      "kind": "title",
      "text": "Investments in NG911 Have Not Translated Into Higher Valuation Due to Comtech's Failure to Disclose Public Safety Metrics",
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