Added to YB: 2024-05-14
Pitch date: 2024-05-13
EEX [bullish]
Emerald Holding, Inc.
-37.53%
current return
Author Info
Directionally Correct Research shares is a generalist hedge fund analyst sharing stock pitches in the small to mid cap space. Sign up for the newsletter.
Company Info
Emerald Holding, Inc. operates as a business-to-business (B2B) event organizer in the United States. The company provides B2B trade shows and conferences; B2C showcases and a scaled hosted buyer platform; and B2B print publications and digital media products, which provides industry specific business news and information across various sectors.
Market Cap
$734.2M
Pitch Price
$5.89
Price Target
7.00 (+90%)
Dividend
1.63%
EV/EBITDA
9.74
P/E
-52.43
EV/Sales
2.39
Sector
Media
Category
special_situation
Reading Tea Leaves: Two Budding Buyout Targets - Emerald Holding, Inc.
EEX: Thinly traded trade show operator. Onex owns 90% post-preferred conversion, opens door to sale. Rival Hyve bought at 16x EBITDA. EEX at 12.5x depressed '24 guide (margins -800bps below 35% target). 14x '24 EBITDA = $7/share (30% IRR). Credible buyout rumors prior.
Read full article (1 min)