Added to YB: 2026-02-24
Pitch date: 2026-02-19
SRL [bullish]
Scully Royalty Ltd.
-3.81%
current return
Author Info
No bio for this author
Company Info
Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe.
Market Cap
$192.6M
Pitch Price
$9.46
Price Target
24.60 (+170%)
Dividend
11.26%
EV/EBITDA
1.5K
P/E
-66.46
EV/Sales
5.19
Sector
Metals and Mining
Category
turnaround
Scully Resource Ltd. (NYSE: SRL): When Management Destroys a Company
SRL: Iron ore royalty in Newfoundland (7% revenue, 65%+ Fe grade, 100% Cargill offtake to 2055). Trades 42% book value due to ex-CEO's poor management, $140M credit losses, $80M impairments from failed merchant banking. MILFAM activist (13% stake) ousted Morrow, installed new board executing strategic review to rationalize assets & focus on royalty. Conservative 2028 EPS $0.55, 25x = 50%+ upside. Potential $4 special div from $69M asset sales.
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