Professional
Added to YB: 2024-02-02
Pitch date: 2024-02-02
HGBL [bullish]
Heritage Global Inc.
-50.53%
current return
Author Info
No bio for this author
Company Info
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States.
Market Cap
$43.8M
Pitch Price
$2.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.34
P/E
14.57
EV/Sales
0.61
Sector
Capital Markets
Category
turnaround
SRK Capital holding - Heritage Global ($HGBL)
HGBL Q3 miss on temporary credit loss reserve in lending segment. Brokerage operating income +64% YoY, +140% YTD on rising charge-offs above 2019 levels. Millions of Americans with improved pandemic credit scores now defaulting, benefiting HGBL. Added to position at <10x earnings post-selloff.
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