This post first appeared on Hidden Value Stocks
Rubicon Capital Group’s memo to investors discussing if this stock executes their turnaround plan successfully, the stock could see 75%+ upside.
Q1 hedge fund letters, conference, scoops etc
Price: $3.51
Mkt Cap: $91 MM
Ent Val: $121 MM
EV / EBITDA: 8.4x LTM, 6.7x fwd
TD/ EBITDA: 2.2x
Price / Tang. Book: 1.0x
Div. Yield: 5.7%
Price Target: $6 + (trading), $10+ (transaction)
Situation Analysis
- Rarely does one find a compelling turn around opportunity led by an institutional quality executive with aligned incentives to drive shareholder return in small cap land.
- Founded in