Added to YB: 2024-04-22
Pitch date: 2024-04-20
FRMO [bullish]
FRMO Corporation
+6.31%
current return
Author Info
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Company Info
FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.
Market Cap
$354.8M
Pitch Price
$7.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
0.30
P/E
1.71
EV/Sales
0.30
Sector
Capital Markets
Category
special_situation
FRMO Corp: A Frictionless Flywheel
FRMO: Investment holding co founded by Murray Stahl & Steven Bregman. Owns stakes in Horizon Kinetics (4.95% equity, 4.199% gross rev share), exchanges (MIAX, CSE), crypto (GBTC, CXBTF, direct holdings) & mining (Winland - 35% stake, Consensus Mining). Becoming operating co via crypto mining. Key catalysts: Winland control, portfolio IPOs (HK, MIAX, Consensus). 75% insider owned. Shareholder equity grew from $10K in '02 to $350M+ today.
Read full article (10 min)