Professional
Added to YB: 2023-04-01
Pitch date: 2023-04-01
LFCR [bullish]
Lifecore Biomedical, Inc.
+102.86%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
Lifecore Biomedical, Inc., together with its subsidiaries, operates as an integrated contract development and manufacturing organization in the United States.
Market Cap
$298.2M
Pitch Price
$3.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
-128.16
P/E
-6.25
EV/Sales
3.62
Sector
Life Sciences Tools and Services
Category
special_situation
Greenhaven Road New Position - Lifecore (LFCR)
LFCR: Divested volatile avocado biz to focus on high-quality CDMO with 29 FDA-approved products. Missed earnings caused 67% drop, but landed largest customer ever with $10M prepayment. CDMO assets trade at 10-20x EBITDA, suggesting $8-$20+ share price range vs current sub-$3. Strategic review to sell company ongoing.
Read full article (2 min)