Added to YB: 2021-07-13
Pitch date: 2021-07-13
JCS [bullish]
Communications Systems, Inc.
-49.22%
current return
Author Info
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Company Info
As of March 28, 2022, Communications Systems, Inc. was acquired by Pineapple Energy LLC, in a reverse merger transaction.
Market Cap
$19.9M
Pitch Price
$16.11
Price Target
6.75 (-17%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.38
EV/Sales
N/A
Sector
Communications Equipment
Category
special_situation
Communication Systems: Liquidation with a Speculative Kicker
JCS: Communication Systems liquidating; est $6.75/share proceeds ($3.50 special div soon, 90% more via CVR in 18mo), roughly current mkt cap. Speculative kicker in post-merger stub Pineapple Energy (PEGY) pursuing resi solar roll-up. PIPE w/ $3.40 convert price implies some value. Risks: Deal fails, cash misused, bad estimates.
Read full article (3 min)