Added to YB: 2025-01-24
Pitch date: 2025-01-24
FP.V [bullish]
FP Newspapers Inc.
+34.48%
current return
Author Info
Tiehack Capital searches the globe for extremely mispriced assets in the overlooked and forgotten areas of the stock market (OTC, nanocap, microcap, etc.) This often comes in the form of special situations (liquidations, recapitalizations, bankruptcies, etc.) and deep value stocks. They run a concentrated portfolio (10-20 stocks) and command a large margin of safety. Sign up for the newsletter.
Company Info
FP Newspapers Inc. publishes, prints, and distributes daily and weekly newspapers, and specialty publications in Manitoba.
Market Cap
CAD 3.5M
Pitch Price
CAD 0.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
3.66
EV/Sales
3.88
Sector
Media
Category
value
FP Newspapers Inc. - $FP-V
FP.V: Dominant Canadian newspaper at 1-2x EBITDA. No debt, real estate worth multiples of $6.8M CAD market cap. $5M annual FCF. 49% stake in FPLP (Winnipeg Free Press). Monopolistic share, loyal audience. Risks: declining print revenue, union costs, tax credit elimination. Deep value play with real estate worth 2.2-3.5x market cap. Recent $8M press write-off. Controlled company.
Read full article (4 min)