Added to YB: 2020-09-18
Pitch date: 2020-09-18
MCHX [bullish]
Marchex, Inc.
-3.33%
current return
Author Info
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Company Info
Marchex, Inc., a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally.
Market Cap
$77.0M
Pitch Price
$1.80
Price Target
5.75 (+230%)
Dividend
N/A
EV/EBITDA
-101.45
P/E
-15.27
EV/Sales
1.54
Sector
Media
Category
special_situation
Marchex: Joint Tender Offer
MCHX: Marchex & Edenbrook 50/50 tender for 25% of B shares at $1.80-$1.96 based on participation. $40M EV with $47M cash, recent acquisitions exceed EV. Selling legacy biz to mgmt. Edenbrook sees $4.65-$6.25 value with analytics comps at 4-10x sales. Harbet Discovery sees $5.75+ with 10% analytics growth. Upside potential post-tender if biz improves and structure simplifies.
Read full article (4 min)