Added to YB: 2025-08-25
Pitch date: 2025-08-21
TPHS [neutral]
Trinity Place Holdings Inc.
+3.57%
current return
Author Info
Value Never Sleeps shares value investment ideas in micro cap stocks. Sign up for the newsletter.
Company Info
Trinity Place Holdings Inc. operates as a real estate holding, investment, development, and asset management company in the United States.
Market Cap
$3.1M
Pitch Price
$0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.14
P/E
-0.65
EV/Sales
6.30
Sector
Real Estate Management and Development
Category
special_situation
Trinity Place Holdings: Third Time's a Charm?
TPHS: Former Syms retailer now NOL shell w/ $330.4M federal carryforwards ($226.9M pre-TCJA, $103.5M post-TCJA). Steel Partners owns 40%, lending $1.3M. Trading at $0.04 (99.4% drop), $2.8M market cap vs $85.6M NOL NPV. Risk: Lichtenstein reputation, dilution via debt conversion, no tender premium likely.
Read full article (8 min)