Added to YB: 2024-07-01
Pitch date: 2024-06-29
BRMI.TO [bullish]
Boat Rocker Media Inc.
-15.45%
current return
Author Info
everyonehatespoetry is an equities analyst sharing his best special situations / GARP ideas, mostly small and micro caps. Sign up for the newsletter.
Company Info
Boat Rocker Media Inc., an entertainment company, creates, produces, and distributes television and film content in Canada, the United States, and internationally.
Market Cap
CAD 42.5M
Pitch Price
CAD 1.10
Price Target
4.00 (+330%)
Dividend
N/A
Sector
Entertainment
Category
value
Boat Rocker Media (TSX:BRMI)
BRMI.TO: Content producer trading at $1, below $1.33/sh net cash. $10M EBITDA 2024 (ex-Untitled sale). Fairfax Financial largest shareholder. Upside $3-4/sh. Risks: poor M&A. Sale of Untitled for $51.8M CAD to TPG + 8.8% stake in new entity signals value realization. Downside protected by cash.
Read full article (9 min)