Professional
Added to YB: 2024-01-15
Pitch date: 2024-01-15
TPHS [bullish]
Trinity Place Holdings Inc.
-80.97%
current return
Author Info
Lake Cornelia Research Management provides managed accounts and bespoke advisory services to family offices & investment funds. Follow on Twitter/X.
Company Info
Trinity Place Holdings Inc. operates as a real estate holding, investment, development, and asset management company in the United States.
Market Cap
$2.7M
Pitch Price
$0.25
Price Target
0.50 (+931%)
Dividend
N/A
EV/EBITDA
-1.89
P/E
-0.55
EV/Sales
5.56
Sector
Real Estate Management and Development
Category
special_situation
Took a position in TPHS
$TPHS $0.26 spec opp post DK deal: $300M NOLs, 95% JV w/ 3 distressed assets. NOLs+shell ~$0.40-0.50/sh. DK paid $0.30 implying 3-5x return. Proxy details. Undervalued NOL play like $COOP but smaller scale. Spec, not immediate results, attractive price.
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