Professional
Added to YB: 2020-10-15
Pitch date: 2020-10-15
CTHR [bullish]
Charles & Colvard, Ltd.
-97.21%
current return
Author Info
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Company Info
Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional.
Market Cap
$3.0M
Pitch Price
$8.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.28
P/E
-0.21
EV/Sales
0.15
Sector
Textiles, Apparel and Luxury Goods
Category
N/A
Charles & Colvard (CTHR) - Potential Acquisition Target - 100% Upside
CTHR: $0.88. Moissanite jeweler. Potential acquisition target. Activist estimates $2-$3/share value. 58% of market cap in cash. Trading at 0.62x book value, 9x pre-COVID PE. May'20 rejected $1/share offer. Insider buying. Risks: failed activism, poor acquisitions, slow recovery. Downside protected by cash/inventory. 60% online sales resilient during COVID. Upside from activism/sale.
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