Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-05
PROM [bullish]
Propel Media, Inc.
+318.11%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Propel Media, Inc. operates as a diversified online advertising company in the United States and internationally.
Market Cap
$214.7M
Pitch Price
$0.29
Price Target
0.59 (-51%)
Dividend
N/A
EV/EBITDA
N/A
P/E
22.18
EV/Sales
N/A
Sector
Interactive Media and Services
Category
special_situation
Cedar Creek Partners Portfolio Holding: Propel Media, Inc.
PROM: IQVIA acquisition blocked, Propel walks away. Paid $0.0352/share in dividends (>15% cost basis). Bought at $0.23 vs $2.75-$3.15 deal price. Mgmt values at $0.59 (6% div yield) vs $0.05 tiny trade. $0.32 bid/$1.00 ask. Awaiting next liquidity event.
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