Added to YB: 2024-02-09
Pitch date: 2024-02-08
TIPT [bullish]
Tiptree Inc.
+7.34%
current return
Author Info
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Company Info
Tiptree Inc. does not have significant operations. Previously, it was engaged in the provision of specialty insurance products.
Market Cap
$595.8M
Pitch Price
$15.46
Price Target
N/A
Dividend
1.53%
EV/EBITDA
-19.86
P/E
-15.13
EV/Sales
-865.49
Sector
Insurance
Category
special_situation
Show full summary:
Tiptree: Another Fortegra IPO Pulled, Disappointing But Value Still Building
$TIPT canceled Fortegra IPO unexpectedly despite oversubscription. Q4 implies $2.38/share for TIPT's stake, stock at 6.7x trailing Fortegra earnings alone. IPO introduced Fortegra to more investors; strategic potential remains to realize value via asset sales/spin-off. No value lost, only missed opportunity.
Read full article (2 min)