Added to YB: 2026-03-09
Pitch date: 2025-12-25
CNNE [bullish]
Cannae Holdings, Inc.
+0.74%
current return
Author Info
No bio for this author
Company Info
Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more.
Market Cap
$649.4M
Pitch Price
$15.50
Price Target
26.98 (+74%)
Dividend
4.06%
EV/EBITDA
-2.37
P/E
-1.89
EV/Sales
1.63
Sector
Financial Services
Category
value
Cannae Holdings, Inc. - $CNNE
CNNE: Foley-branded PE portfolio at 42% NAV discount despite governance reforms since Feb'24 (internalized mgmt, 35% share reduction, board refresh). Activist Carronade won 2 seats Dec'12 AGM; say-on-pay failed. Portfolio improving: BKFC (3.1x sales vs cost basis), ALIT takeout potential at 5x EBITDA, JANA 50% stake provides deal flow. $3.5/sh net cash for tender/buybacks. Base case 70% upside vs 12% down (6:1 r/r) on discount closure to 10%.
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