This is a business selling for 0.3x tangible book and 2x midcycle earnings - a very asymmetric bet.
This is how a stock idea is written. Well done!
It looks like the line of credit matures in 2027. I haven’t done a deep dive on this one and it could very well play out nicely but there are some significant risks here.
Thanks for the comment. I now realize I wasnt clear on that.
The previous 10-Q shows maturities are in 2027, latest 10-q stated that has been pushed out until 2031.Also Announced on June 18, 2026.
I added this to the article.
Interesting, I came across the exhibit 10.2 (also in the 8-K) which seems to still list the maturity at 2027, but the 8-K does clearly say 2031.
This is how a stock idea is written. Well done!
It looks like the line of credit matures in 2027. I haven’t done a deep dive on this one and it could very well play out nicely but there are some significant risks here.
Thanks for the comment. I now realize I wasnt clear on that.
The previous 10-Q shows maturities are in 2027, latest 10-q stated that has been pushed out until 2031.Also Announced on June 18, 2026.
I added this to the article.
Interesting, I came across the exhibit 10.2 (also in the 8-K) which seems to still list the maturity at 2027, but the 8-K does clearly say 2031.