Added to YB: 2026-08-11
Pitch date: 2026-08-09
CNNE [bullish]
Cannae Holdings, Inc.
-0.68%
current return
Author Info
The Bloomberg Lab is a micro/small cap value investor who is currently a college student at Northeastern University. I love to invest in high-quality businesses trading at cheap valuations that I feel confident in holding for a very long time. Sign up for the newsletter.
Company Info
Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more.
Market Cap
$649.4M
Pitch Price
$14.75
Price Target
32.59 (+121%)
Dividend
4.06%
EV/EBITDA
-2.37
P/E
-1.89
EV/Sales
1.63
Sector
Financial Services
Category
value
The Battle of Cannae Holdings
CNNE: Holdco at ~40% NAV discount ($14.78 vs $24 NAV/share) post activist wins. Carronade added 2 board seats, ended MSA, Foley demoted, put right removed. Pivoting to sports/entertainment: Black Knight FC (27% NAV, ~51% undervalued vs mark), Exeter Rugby, JANA. Monetizing restaurants, buying back 12M shares. Target 30% discount = 54% upside. Risk: value destruction. Catalyst: Q2 26 ER.
Read full article (12 min)