Added to YB: 2024-10-15
Pitch date: 2024-10-09
TORO [bullish]
Toro Corp.
+123.8%
current return
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil LPG, and refined petroleum products worldwide.
Market Cap
$41.3M
Pitch Price
$2.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.73
P/E
0.83
EV/Sales
-0.36
Sector
Marine Transportation
Category
value
My Latest Net-Nets: Toro Corp. (TORO)
TORO: Trading at 35% of net cash ($185M). Maritime co w/ $89M vessels. Profitable history, but flat H1'24. Risks: Marshall Islands incorporation, dilution history, complex preferred shares, leadership concerns (CEO owns 50%). Industry outlook uncertain. Compelling net-net opportunity despite risks.
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