Added to YB: 2019-11-15
Pitch date: 2019-11-15
ASFI [bullish]
Asta Funding, Inc.
+27.11%
current return
Author Info
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Company Info
Asta Funding, Inc., together with its subsidiaries, primarily engages in the consumer receivables business in the United States, Puerto Rico, and South America.
Market Cap
$85.9M
Pitch Price
$10.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
26.83
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
Asta Funding: Going Private Offer
ASFI: Stern family (60% owners) offers $10.75/share to take co private, 6% spread to close. Once consumer debt buyer, now in disability advocacy, injury claims, structured settlements. Trades near cash, book $13.50. Board likely to approve; easy debt financing via dividend recap. Stern can operate away from minority holders.
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