Professional
Added to YB: 2021-02-06
Pitch date: 2021-02-06
CCUR [bullish]
CCUR Holdings, Inc.
-70.96%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
CCUR Holdings, Inc., through its subsidiaries, engages in the merchant cash advance (MCA) and real estate businesses.
Market Cap
$7.7M
Pitch Price
$8.6K
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Financial Services
Category
special_situation
Cedar Creek Partners new position - CCUR Holdings (CCUR)
CCUR: Messy but intriguing play - 1-for-3000 reverse split at $3.06 (40% discount to $6.91 book) cashes out small holders. SPAC sponsor upside: 2.5M founder shares worth $25-35M ($3-4/share) + warrants. $13M aircraft loan in limbo but $20M crime insurance. Implies $5.50-7 NAV/share + $3-4/share SPAC upside.
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