Pitch: Holding company that recently went through transformation and that is expected to sell/IPO its operating businesses in 2023/2024. Activist in control after ousting previous management.
Valuation: In SOTP framework steel fabrication business is valued at $14/share (8x forw. EBITDA), the life sciences segment at $6/share (out of the air mostly), broadcasting segment at $7 (spectrum value).
Exp. gain: 5x upside over 2.5-3 years
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