Professional
Added to YB: 2020-07-20
Pitch date: 2020-07-20
PCOA [bullish]
Pendrell Corporation
+76.47%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Pendrell Corporation invests in, acquires, and develops businesses with technologies that are protected by intellectual property (IP) rights in the United States.
Market Cap
$145.8M
Pitch Price
$85.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Capital Markets
Category
special_situation
Cedar Creek Partners top holding - Pendrell Corporation (PCOA)
PCOA: Pendrell Corp - controlled by Craig McCaw & Highland Capital. Had $2.5B NOLs. Did 1-for-250,000 reverse split, price now ~$170K/share. Estimated $200-210K/share BV mostly cash. Bought at $75K/share (<40% of BV). Upside from 1) selling higher, 2) tender offer, 3) mgmt deploying cash well
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