Added to YB: 2024-12-09
Pitch date: 2024-07-04
FOA [bullish]
Finance of America Companies Inc.
+331.2%
current return
Author Info
Company Info
Finance of America Companies Inc. a financial service holding company, through its subsidiaries, provides home equity-based financing solutions for a modern retirement in the United States.
Market Cap
$208.3M
Pitch Price
$5.10
Price Target
N/A
Dividend
N/A
Sector
Financial Services
Category
value
Paywalled “Ten Bagger or Bust” with 37% market share and secular tailwinds
FOA: 37% reverse mortgage mkt share. $46M mkt cap, down from $600M IPO. Secular tailwinds: aging boomers, $13T home equity, inflation. $7.3B securitized at 3.2%, lending at 7.9% = $350M/yr spread. $237M residual value. $1B cash inflow 2025-2028. Losses now, but profitable at normal volumes. Inscrutable REIT accounting masks value.
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