Added to YB: 2025-11-27
Pitch date: 2025-11-26
PDER [bullish]
Pardee Resources Company
+3.15%
current return
Author Info
Tactile Fund LP makes long-term investments in companies with extraordinary physical assets. The Tactile Substack tracks the fund's progress and profiles its investment philosophy and holdings. Sign up for the newsletter.
Company Info
Pardee Resources Company, Inc., through its subsidiaries, owns, acquires, develops, and manages natural resource properties.
Market Cap
$189.3M
Pitch Price
$281.15
Price Target
N/A
Dividend
2.48%
EV/EBITDA
N/A
P/E
11.95
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
value
The Legacy of Ariovistus Pardee
PDER: Legacy resource company w/ 154k timber acres, 316M tons coal reserves, 23B cubic ft gas reserves across 15 states. Normalized $23.8M EBIT vs $155M EV = 6.5x multiple. Timberlands alone worth $162-183M per 2014 appraisal. Excessive $6M overhead & questionable solar/ag investments detract from solid royalty model.
Read full article (6 min)