Added to YB: 2025-01-27
Pitch date: 2025-01-25
CURN [bullish]
Currency Exchange International, Corp.
+4.17%
current return
Author Info
No bio for this author
Company Info
Currency Exchange International, Corp., together with its subsidiary, Exchange Bank of Canada, provides foreign exchange technology and processing services in Canada and the United States.
Market Cap
CAD 89.5M
Pitch Price
CAD 15.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.46
P/E
38.56
EV/Sales
0.11
Sector
Consumer Finance
Category
turnaround
CURN: Unlocking Value Through a Canadian Exit and US Growth Prospects
CURN: US$100M mkt cap. US div $13.3M profit, Canada div unprofitable & for sale. ~$30M excess cash. Buybacks ongoing. Large acquisition in works. 7.5x PE ex-Canada. CEO owns $20M+ stock. US biz solid, but Canada failure causing shareholder exodus. Exiting Canada seen as positive.
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