If the analysis is even half right this is a multi-bagger.
I found this one digging around at the Value Investors Club (VIC) site. It’s one of those classic “sum of the parts (SOPT)” cases but this one has some interesting businesses and potential catalysts.
I like the management changes and there has been consistent insider buying by the Chairman, Avie Glazer. The focus now is more rational and aimed at monetizing their non-core businesses, cleaning up the balance sheet, and building shareholder value.
You may need to sign up for a free account at VIC to view it but the original note that caught my eye is here: VATE Note on VIC March 2022. At the time the shares were trading at $3.72 and the author estimated the SOTP at $21.50 to be realized in 2-3 years. Despite a strong performance from the company since then the shares are now at $2.66. There is an even more bullish but “out there” view on this stock that you might want to watch but I’m putting it at the end.
They have three main lines of business - DBM Global which is a group of structural steel companies, Life Sciences which consists of two smaller companies and Spectrum which is a group of over-the-air broadcasting stations.
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