Professional
Added to YB: 2024-08-22
Pitch date: 2024-08-21
NICK [bullish]
Old Market Capital Corporation
-16.64%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
Old Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio.
Market Cap
$37.1M
Pitch Price
$5.71
Price Target
9.00 (+89%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-10.09
EV/Sales
N/A
Sector
Consumer Finance
Category
growth
River Oaks Capital Portfolio Holding: Nicholas Financial, Inc.
NICK: $45m mkt cap w/ $40m+ cash, 56.5% stake in Amplex Internet (rural fiber ISP). Amplex generating ~$3m+ FCF, doubling fiber network. Nicholas gets ~$1m+ FCF/yr. Potential to acquire 80% of remaining 43.5% in 2 yrs. Mgmt owns 40%+. $9 PT based on cash + Amplex value.
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