Professional
Added to YB: 2024-03-12
Pitch date: 2024-03-11
ABCP [bullish]
AmBase Corporation
+3.1%
current return
Author Info
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Company Info
AmBase Corporation does not have significant operations. Previously, the company invested in a real estate development property.
Market Cap
$27.2M
Pitch Price
$0.22
Price Target
1.05 (+371%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.26
EV/Sales
N/A
Sector
Real Estate Management and Development
Category
special_situation
Guest post: Ambase Mispriced Penthouses
$ABCP: Potential $160M legal payout vs $9M mkt cap. Insiders: 40% CEO owned, self-funded litigation. Case: Developer contract breaches, Ambase seeks $65M investment +20% ROI. 25% win prob. = $89M net, 1.8x cap, >$1.05/sh target. Risks: Collection, dilution. Timeline: Judgment Sept '24.
Read full article (5 min)