Added to YB: 2019-06-21
Pitch date: 2019-06-21
CCNI [bullish]
Command Center, Inc.
+4.93%
current return
Author Info
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Company Info
As of July 15, 2019, Command Center, Inc. was acquired by Hire Quest, LLC in a reverse merger transaction.
Market Cap
$26.6M
Pitch Price
$5.48
Price Target
8.10 (+41%)
Dividend
N/A
EV/EBITDA
N/A
P/E
20.96
EV/Sales
N/A
Sector
Professional Services
Category
special_situation
Command Center: Reverse Merger with Hire Quest, Tender Offer
CCNI (Command Center): Reverse merging with Hire Quest. Combined co to franchise 67 CC branches, target $15M+ EBITDA. Tender offer 1.5M shares @ $6 (~10% premium). Proforma EV $70M or 4.7x EBITDA vs peers 7x+. Franchising could generate $12M cash ($1/share). 50% upside to $8 at 7x EBITDA. Key risks: integration, execution. Vote 7/10.
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