8/9/24 :: VROCKSTAR :: 
PUBM
Started position at $13.5
- ad solution with ~4% market share
- bad environment, stock now tells that story/ sufficiently punished
- cash of 165 mm (no debt) leaves this thing (after today's -30% move near ~$13.5/shr) at close to $300 mm valuation ex cash.
- round down $80 mm annualized EBITDA... to $60 mm and you're at 5x EBITDA for something that can grow DD
- FCF yield also in the low SD's
- not without some hair
- starting (an investment/ not swing) position here at $13.5 at 50 bps, would like to take to 1% if/as we get closer to $12
- below $12 and i'm starting to look at leverage (calls), but we're not there yet
LMK what you think.
V
PUBMStarted position at $13.5
- ad solution with ~4% market share
- bad environment, stock now tells that story/ sufficiently punished
- cash of 165 mm (no debt) leaves this thing (after today's -30% move near ~$13.5/shr) at close to $300 mm valuation ex cash.
- round down $80 mm annualized EBITDA... to $60 mm and you're at 5x EBITDA for something that can grow DD
- FCF yield also in the low SD's
- not without some hair
- starting (an investment/ not swing) position here at $13.5 at 50 bps, would like to take to 1% if/as we get closer to $12
- below $12 and i'm starting to look at leverage (calls), but we're not there yet
LMK what you think.
V
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.