Professional
Added to YB: 2022-01-15
Pitch date: 2022-01-15
FCNE [bullish]
Four Corners, Inc.
-10.89%
current return
Author Info
Founder of Smoak Capital who shares analysis on stocks on Twitter and in his fund letter. Follow on Twitter.
Company Info
Four Corners, Inc., an investment holding company, operates as a gaming company in Texas. The company is based in Dallas, Texas.
Market Cap
$19.6M
Pitch Price
$0.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-1.11
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
value
Smoak Capital holding: Four Corners
FCNE: Largest TX bingo/gaming supplier. 11% div yield, 7x P/E ex-cash. 27.5% rev & 158% EBIT growth since 2017. Strong cash gen, low capex. Online gambling risk years away. New OTC reporting Aug '22 increased visibility. 50%+ upside if yield drops to 7%. Risks: TX gambling laws. Bull case: re-rate to 8-10x EV/EBIT or 7-8% yield.
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