Added to YB: 2024-07-09
Pitch date: 2024-07-08
VVI [bullish]
Pursuit Attractions and Hospitality, Inc.
+6.25%
current return
Author Info
Company Info
Pursuit Attractions and Hospitality, Inc., an attraction and hospitality company, owns and operates hospitality destinations in the United States, Canada, and Iceland.
Market Cap
$965.6M
Pitch Price
$33.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.27
P/E
-9.37
EV/Sales
2.67
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Viad Corp. One Hour Analysis: Company Has Long History of Divestitures, Could One More Enhance Shareholder Value?
VVI: Potential value creation via divestiture of GES segment. Pursuit (hospitality/attractions) could be standalone or acquisition target. Est. $510M proceeds from GES sale at 6x EBITDA. RemainCo: $95M cash, no debt, 7-8x EV/EBITDA. Crestview 24% stake may seek exit. Risks: No guarantee of sale/spinoff. Upside: Loyalty program, margin expansion, Vail Resorts acquisition potential.
Read full article (8 min)