Professional
Added to YB: 2025-05-21
Pitch date: 2025-04-29
KFS [bullish]
Kingsway Financial Services Inc.
+33.1%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
Kingsway Financial Services Inc. through its subsidiaries, engages in the extended warranty and business services in the United States.
Market Cap
$286.4M
Pitch Price
$8.52
Price Target
26.38 (+135%)
Dividend
N/A
Sector
Insurance
Category
growth
Greenhaven Road Capital Main Fund New Position: Kingsway Financial Services Inc.
KFS (new position): Small-cap ($225M) turnaround now buying asset-light/high-margin biz for 5x EBITDA via search fund model with elite advisors (Will Thorndike, Tom Joyce). 7 portfolio cos show strong growth; Ravix 2x EBITDA in 3.5yrs. $20M run-rate EBITDA, $30M net debt. $26.38 PT (3x upside/27% CAGR) at 15% growth. $600M NOLs add value.
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