A broadcaster with a "hidden asset" that is selling at a 63% discount
With many potential catalysts to the upside price.
This company has a legacy broadcast media business worth 240mm, an ad tech business worth 200mm, broadcast spectra worth 100mm in present value, and net debt of 90mm. All together this yields a target market cap of 450mm, but it is selling for 168mm. A 63% discount. It is my largest position.
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