Professional
Added to YB: 2022-07-28
Pitch date: 2022-07-28
HRBR [bullish]
Harbor Diversified, Inc.
-57.5%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Harbor Diversified, Inc. provides regional air services in the United States. The company leases flight equipment; and provides flight equipment financing.
Market Cap
$29.2M
Pitch Price
$2.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.12
P/E
-1.47
EV/Sales
-0.34
Sector
Passenger Airlines
Category
value
Cedar Creek Partners new position - Harbor Diversified (HRBR)
HRBR: Holding co for Wisconsin Airlines w/ United deal. Bought <cash of $2.24/share & 70% book. Earned $0.14 in Q1, $0.15 in Q4 '21 w/o payroll support funds. $0.60 EPS potential pre-2023 contract end. Trades ~$2.20. Cheap, profitable but risk from United deal expiry.
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