Professional
Added to YB: 2025-07-28
Pitch date: 2025-07-24
LOGC [neutral]
ContextLogic Holdings Inc.
-3.25%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
ContextLogic Holdings Inc. focuses on seeking to develop and grow a de novo business and finance potential future bolt-on acquisitions of assets or businesses.
Market Cap
$209.6M
Pitch Price
$7.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
-3.57
P/E
-12.15
EV/Sales
N/A
Sector
Capital Markets
Category
special_situation
Alluvial Fund Portfolio Holding: ContextLogic Inc.
LOGC (holding update): Ex-Wish.com shell with $6.50/share cash, $2B NOLs, & BC Partners backing. Low burn offset by interest income. BC invested $75M with option for $75M more. Tax assets potentially worth >100% of market cap. Seeking acquisition; will liquidate if unsuccessful. Bought post-NASDAQ delisting - downside protected by cash.
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