Quick Value #247 - Cheap nanocap turnaround
Nanocap special sit with big cash position (65% of market cap) and cheap valuation (0.1x EV/sales). It's a post-COVID earnings recovery story.
Today’s idea:
Nanocap stock in a recovering post-COVID industry
Recently completed asset sale and special dividend
Net cash balance sheet (65% of market cap)
Stub trades at 0.1x sales and 1.5-3x EBITA
This is a premium edition of Quick Value, we’ll be back next week with a free edition! Today’s newsletter covers a microcap (now nanocap) special situation which was mentioned a few times in VDL history.