Professional
Added to YB: 2024-02-07
Pitch date: 2024-02-07
NICK [bullish]
Old Market Capital Corporation
-32.96%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
Old Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio.
Market Cap
$37.1M
Pitch Price
$7.10
Price Target
9.00 (+89%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-10.09
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
River Oaks Capital holding: Nicholas Financial ($NICK)
$NICK subprime auto lender liquidating. Sold loan book to Westlake for $65M ($9/share), 71% of gross receivables, amid economic headwinds. Now trading at $50M market cap, 30% discount to cash. Mgmt owns 35%+ shares. Awaiting capital allocation plans, possibly real estate or $BOC related.
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