Professional
Added to YB: 2023-06-07
Pitch date: 2023-06-07
ABCP [bullish]
AmBase Corporation
+59.14%
current return
Author Info
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Company Info
AmBase Corporation does not have significant operations. Previously, the company invested in a real estate development property.
Market Cap
$27.2M
Pitch Price
$0.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.26
EV/Sales
N/A
Sector
Real Estate Management and Development
Category
N/A
Ambase (ABCP)
ABCP: Litigation stub at $0.12/share. Lawsuit against 111 West 57th St developers. Equity Put Right could yield $150M ($2.75/share). Key dispute: Construction Contingency budget ($28.2M vs $33.9M). $28.2M likely correct, triggering Put. Other claims potential upside. Risks: litigation uncertainty, cash burn. Upside: $2.00+/share.
Read full article (1 min)