Professional
Added to YB: 2024-07-16
Pitch date: 2024-07-15
XSHLF [bearish]
XS Financial Inc.
-10.44%
current return
Author Info
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Company Info
XS Financial Inc., a specialty finance company, provides equipment leasing solutions in the United States.
Market Cap
CAD 3.4M
Pitch Price
CAD 0.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.02
P/E
-0.80
EV/Sales
6.24
Sector
Financial Services
Category
special_situation
Show full summary:
Bengal Capital Portfolio Holding: XS Financial Inc.
XSF: Cannabis lender w/ good mgmt & underwriting, but hit by industry capital crunch. Equity down 54% on $0.05265 CAD take-private bid. Convertible debt repaid at par + interest. Overall -20% loss. Lesson: be warier of capital market volatility. Deal expected to close by Sept 2024.
Read full article (2 min)