Value Don't Lie

Value Don't Lie

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Value Don't Lie
I caved and bought this one...
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I caved and bought this one...

Jul 16, 2023
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Value Don't Lie
Value Don't Lie
I caved and bought this one...
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It was just a few weeks ago that I wrote about this spin-off. I started buying some shares last week… Here’s what happened since then:

  1. Shares sold off 32% since the first day of trading

  2. Cumulative volume traded hit ~75% turnover of shareholder base

  3. Valuation is down to screaming cheap levels of <4x EBITDA

Here’s my quick note on it…

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