Added to YB: 2021-07-21
Pitch date: 2021-07-21
RVI [bullish]
Retail Value Inc.
+751.02%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
RVI is an independent publicly traded company whose common shares trade under the ticker symbol RVIC on the OTC Pink Market.
Market Cap
$5.7M
Pitch Price
$0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
0.21
EV/Sales
N/A
Sector
Retail REITs
Category
special_situation
Retail Value Inc: PR Portfolio Sale, Liquidation De-Risked
RVI: Puerto Rico portfolio sale for $550M substantially de-risks liquidation. 8 remaining US properties estimated at 13% cap rate, seemingly too cheap. Back of envelope math suggests $26.50-$33.90/share NAV vs $25 today. Assuming deal closes, RVI will have no debt, half market cap in cash. Potential for quick final liquidation like MIC for ~20% upside.
Read full article (3 min)