Professional
Added to YB: 2021-07-21
Pitch date: 2021-07-21
CRSS [bullish]
Crossroads Impact Corp.
-52.78%
current return
Author Info
No bio for this author
Company Info
Crossroads Impact Corp., a holding company, focuses on investing in businesses that promote economic vitality and community development.
Market Cap
$227.0M
Pitch Price
$21.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
0.31
EV/Sales
N/A
Sector
Technology Hardware, Storage and Peripherals
Category
special_situation
Maran Partners new position: Crossroads Systems (CRSS)
CRSS: Obscure CDFI mortgage lender turned major PPP player in 2021. Issued $7B in PPP loans to 500K borrowers, netting $150M in Q2 income. Nimble mgmt capitalized on opportunity, transforming biz. $40/share special dividend announced after shares traded <$10 to start Q2. Special situation around dividend & remaining biz.
Read full article (3 min)