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The Last Two Spots👇
In an interview a few days ago $TIG 's CEO mentioned:
- that they received multiple competiting bids for the DIS business
- which would allow them to retire ALL debt + return cash to shareholders, implying >$180m on $220m EV
- that over the next few weeks we'll get info on the refinancing
- that the rest of the business inflected and is growing again
At $180m for DIS, ~70% of the market cap would be net cash...
...with the rest of the (now growing) operations valued at ~2x...
... o/w Search is booked as held for sale with TIG mentioning formal discussions with potential acquirers back in November.
Meanwhile the share price:
Either something is very off, or 🤷♂️🤷♂️
The new KEDM is live.
We published our mid-year thematic review and updated the Inflection Monitor, adding new tickers to play the theme.
Plus, as always, pages of event-driven setups we are monitoring.
Enjoy.