Professional
Added to YB: 2025-02-12
Pitch date: 2025-02-10
WCRS [bullish]
Western Capital Resources, Inc.
+39.38%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Western Capital Resources, Inc., through its subsidiaries, engages in the retail business in the United States.
Market Cap
$79.5M
Pitch Price
$9.33
Price Target
N/A
Dividend
1.11%
Sector
Specialty Retail
Category
value
Cedar Creek Partners New Position: Western Capital Resources, Inc.
WCRS: Holding co w/ Cricket stores, Jackson & Perkins, ice rinks. Reduced shares 35% to 6M. 2023 earnings $10.6M, cash earnings $13M. H1 2024 cash EPS $1.40. BV $15.07/share, net cash $6.65/share. Seeking 4-6x EBITDA acquisitions. Last trade $9/share, 1x earnings net of cash. 35% share reduction in 18 months.
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