Quick Value #252 - RemainCo at 0.5x NAV
HoldCo of investments trading at a steep discount to NAV... portfolio trading at <8x EBITDA and <10x FCF.
Today’s idea:
Recently completed break-up
RemainCo essentially a closed end fund
Stock trades at 0.5x undiscounted NAV and 5.5x look through FCF
Send a DM and guess the stock, I’ll share a nice discount on a VDL subscription in return :)
This marks year 7 of Value Don’t Lie / Quick Value write-ups! Thanks for your support. Check out the newly published “home base” for links to key resources, articles, trackers, etc. As always, leave a comment with stocks you want to see covered and check out past posts here to get a sense for both free and premium write-ups.