Professional
Added to YB: 2024-04-23
Pitch date: 2024-04-15
LFCR [bullish]
Lifecore Biomedical, Inc.
+24.04%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. Visit their website.
Company Info
Lifecore Biomedical, Inc., together with its subsidiaries, operates as an integrated contract development and manufacturing organization in the United States.
Market Cap
$298.2M
Pitch Price
$6.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
-128.16
P/E
-6.25
EV/Sales
3.62
Sector
Life Sciences Tools and Services
Category
turnaround
Laughing Water Capital Portfolio Holding: Lifecore Biomedical, Inc.
LFCR: Strategic review ended without sale; shares sold off. Board (40%+ owners) didn't accept bids below future earnings potential. Actual capacity now 70M units (was 22M), revenue has potential to 3x+. New CEO starts in May with generous PSU incentives up to $40/share. Upcoming investor day may reveal sandbagged numbers. Primed for R2000 inclusion. Despite frustrations, massive earnings power improvements getting closer.
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