Added to YB: 2024-12-27
Pitch date: 2024-12-24
CMCT [bullish]
Creative Media & Community Trust Corporation
-99.88%
current return
Author Info
Sophon Capital Management is a solo analyst with experience both on the buyside (at a Tiger Grand Cub, long/short hedge fund) and on the sell-side (covering Internet at a Wall Street investment bank) who is scouring the public markets for compounding machines and hidden assets. Sign up for the newsletter.
Company Info
Creative Media & Community Trust Corporation (CMCT) is a real estate investment trust. It owns, operates and develops premier multifamily and creative office assets in vibrant communities throughout the United States.
Market Cap
$15.8M
Pitch Price
$3.8K
Price Target
2.00 (-58%)
Dividend
N/A
EV/EBITDA
18.81
P/E
-0.01
EV/Sales
5.18
Sector
Office REITs
Category
turnaround
Trade idea #5: Distressed REIT with sub-$20M market cap - Creative Media & Community Trust Corporation
CMCT: Distressed REIT at $0.13/sh, rejected $8.88 buyout in 2022. $2+/sh NAV est. post-preferred conversion. Refinancing plan, reduced bankruptcy risk. Forced selling opportunity. CIM Group stake down to ~15%, activist potential. Risks: further dilution, CIM actions. Catalysts: forced selling abates, mean reversion.
Read full article (3 min)