Added to YB: 2025-01-24
Pitch date: 2025-01-24
RDIB [bullish]
Reading International, Inc.
Author Info
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Company Info
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand.
Market Cap
$40.3M
Pitch Price
N/A
Price Target
26.00
Dividend
N/A
Sector
Entertainment
Category
value
Mispriced Distress: A Deeply Discounted Equity with Two Engines to Drive Re-Rating - Reading International, Inc.
RDI: Undervalued real estate portfolio worth >$240m EV. Cinemas at inflection point with record box office. Asset sales ($21.5m Courtney Central, Cannon Park LOI) to reduce debt ~20%. US/AUS/NZ cinema recovery. Upside 300%+ as deleveraging + improved ops drive re-rating. Risks: Cotter family control, capital allocation.
Read full article (26 min)