Added to YB: 2020-11-06
Pitch date: 2020-11-06
LGL [bullish]
The LGL Group, Inc.
+24.07%
current return
Author Info
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Company Info
The LGL Group, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally.
Market Cap
$33.2M
Pitch Price
$4.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
-16.00
P/E
36.50
EV/Sales
-1.54
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
LGL Group: Warrant Dividend, SPAC Sponsor
LGL: Illiquid A&D parts maker controlled by Gabelli family. Rev +50%, EBITDA +300% in 3yrs. Issuing warrant dividend (5 for 1 share at $12.50, exp in 5yrs or if price hits $17.50 30d VWAP). 8.25x EBITDA with $22M cash. Owns 43.57% of $DFNS SPAC sponsor, potentially worth $15M if deal closes. Warrants valued ~$0.75 each at 50% IV. Upside from SPAC, warrants & cheap valuation.
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