Professional
Added to YB: 2024-05-31
Pitch date: 2024-05-14
QMCO [bullish]
Quantum Corporation
-18.65%
current return
Author Info
No bio for this author
Company Info
Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$51.6M
Pitch Price
$11.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.91
P/E
-0.29
EV/Sales
0.62
Sector
Technology Hardware, Storage and Peripherals
Category
special_situation
180 Degree Capital Portfolio Holding: Quantum Corporation
QMCO: Delayed financials due to revenue recognition review by new auditor. Taking steps to optimize working capital & reduce debt. AI product launches. 180's worst idea, but believe accounting issue insignificant & stock will rise materially on resolution by Q2 2024. Should sell after, likely via activism. Q4 NAV +$0.08/share ($0.8M).
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