Professional
Added to YB: 2024-10-23
Pitch date: 2024-10-23
LEE [neutral]
Lee Enterprises, Incorporated
-50.83%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Lee Enterprises, Incorporated, a digital-first subscription and marketing services company, provides local news and information, and advertising services in the United States.
Market Cap
$153.5M
Pitch Price
$18.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.70
P/E
-1.59
EV/Sales
1.14
Sector
Media
Category
special_situation
Potential Acquisition Interest in Lee Enterprises (LEE) as Activists Accumulate Significant Stakes
LEE (acquisition interest): 2nd 13D filing in 2023 hints at acquisition interest. 5 activists hold ~35% shares, incl. Quint Digital (10%). Digital rev hits 50% milestone, potentially boosting FCF. Mgmt hostile to takeover attempts, adopted poison pill. Changes unlikely unless mgmt-led or activists become more assertive.
Read full article (1 min)