Breach Inlet Capital

Concentrated portfolio targeting small cap equity transformations. Not investment advice. Disclaimer:

[Breach Inlet Capital @BreachInletCap]

@IdeaBrunchEmail Thanks for the opportunity @StockJabber.

[Idea Brunch @IdeaBrunchEmail]

Idea Brunch with Chris Colvin of @BreachInletCap

Tickers discussed include $BKTI, $PRG, $BATRK, $LRN, and $HGV

Enjoy!

https://t.co/sY3RpWR3hz

[Breach Inlet Capital @BreachInletCap]

Today, Breach Inlet published a press release and presentation outlining our thesis on $BKTI (BK Technologies). We view the company as an unappreciated transformation set to hit another major inflection point with its upcoming product launch. We conservatively assume a ~25% haircut to the Company’s 2030 implied UFCF target, but our four-year price target still implies ~195% upside or 25%+ IRR. See slide 2 of our presentation for disclaimer.

Presentation: https://t.co/rfcnZMYgJE

Press Release: https://t.co/73o09oazOt

[Breach Inlet Capital @BreachInletCap]

Today, Breach Inlet issued a public letter to the Board of $BATRK (Atlanta Braves Holdings) outlining why the Company should pursue a sale process. The recent Angels transaction indicates $BATRK could be worth $72 to $109 per share equating to ~50% to 125% upside. Please see the disclaimer at the end of our letter.
https://t.co/t7OQhx2xOV

[Breach Inlet Capital @BreachInletCap]

Today, Breach Inlet published a press release and presentation outlining our thesis on $PRG (PROG Holdings). We view the company as a misunderstood transformation and our three-year price targets imply 150-280%+ upside. We believe $PRG could spin off its high-growth business (Four Technologies) to help correct this mispricing. See slide 2 of our presentation for disclaimer.

Presentation: https://t.co/rfcnZMYgJE
Press Release: https://t.co/ZMLZoapsMy

[Breach Inlet Capital @BreachInletCap]

Glad to see Liberty Media agreed. $BATRK being spun-off. https://t.co/GNh5voacIc

[Breach Inlet Capital @BreachInletCap]

Our public letter to $BATRK Board. We believe $BATRK is materially undervalued and should be spun-off.

https://t.co/OY0N0lffNT

[Breach Inlet Capital @BreachInletCap]

$TIPT: Warburg acquired 24% of Fortegra from $TIPT. When announced last Nov, $TIPT share price rose from ~$10.50 to >$16. Today, $TIPT back at ~$10.50 despite deal closed, Fortegra TTM earnings +25%, & $TIPT sold its 3 dry bulk ships for ~50% gains. Biased shareholder, DYOD.

[Breach Inlet Capital @BreachInletCap]

@AndrewRangeley @GlassLewis and @IiASAdvisory Pls listen to our podcast and start providing recommendations to shareholders on tender offers. I think you will find that Veritas' $21/share offer is not fair to $HMHC shareholders.

[Andrew Walker @AndrewYAVB]

New podcast is up!

@BreachInletCap thinks Veritas is stealing $HMHC (podcast #98).

https://t.co/L9KsbcYYBZ

[Breach Inlet Capital @BreachInletCap]

Our public letter to $HMHC Board. We believe Veritas $21/share offer is far too low.

https://t.co/auO9JmpV77

[Andrew Walker @AndrewYAVB]

Podcast #21 is up! Chris Colvin from Breach Inlet comes on to discuss $APO's attempts to steal $GC

https://t.co/NIPlfRlIXc

[Breach Inlet Capital @BreachInletCap]

@marketplunger1 @BrownMarubozu @Amarillo_Slim1 Would be honored!

[Breach Inlet Capital @BreachInletCap]

@Investmentideen @LaughingH20Cap If asking me, you can access all of our letters by subscribing on our website: https://t.co/qD24kqVxeT. Thanks!

[Breach Inlet Capital @BreachInletCap]

@LaughingH20Cap Thanks for the kind words @LaughingH20Cap ! For that, you get my first "tweet".