Added to YB: 2024-06-18
Pitch date: 2024-06-14
SIFY [bullish]
Sify Technologies Limited
+359.35%
current return
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Sify Technologies Limited offers information and communication technology solutions and services in India and internationally.
Market Cap
$68.4B
Pitch Price
$2.46
Price Target
0.63 (-94%)
Dividend
N/A
EV/EBITDA
13.80
P/E
-45.60
EV/Sales
2.52
Sector
Diversified Telecommunication Services
Category
special_situation
45% Discount due to an 'ill-managed' Rights Offering
SIFY: Rights offer at $0.14/sh (45% disc. to pre-offer price) caused 30% drop. Buy rights (SIFYR) at $0.20 by 6/18, exercise by 6/21 for addtl 20% disc. No biz change. Risks: dusty offer, squeeze-out. Trade: Long rights, short stock (18% borrow cost) or buy rights & exercise.
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