Added to YB: 2024-01-04
Pitch date: 2024-01-04
TCI [bullish]
Transcontinental Realty Investors, Inc.
+32.62%
current return
Author Info
Turtles all the way down! is a newsletter that shares short pitches on cheap stocks from all around the world. Sign up for their newsletter
Company Info
Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.
Market Cap
$243.5M
Pitch Price
$37.64
Price Target
100.00 (+100%)
Dividend
N/A
EV/EBITDA
57.05
P/E
41.55
EV/Sales
8.92
Sector
Real Estate Management and Development
Category
special_situation
TCI has $100/share of value
$TCI <$36 tgt $100 on Clarkstreetval $100/sh. Phillips fam owns majority, divesting RE boosting BV. Minority holders may benefit as structure simplifies. Contentious history may drive $70-$80 buyout. IOR merger at 56% disc to NAV could be catalyst. Will re-eval in early 2025 if no progress.
Read full article (2 min)