Professional
Added to YB: 2023-07-21
Pitch date: 2023-07-21
PROM [bullish]
Propel Media, Inc.
+182.11%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Propel Media, Inc. operates as a diversified online advertising company in the United States and internationally.
Market Cap
$214.7M
Pitch Price
$0.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
22.18
EV/Sales
N/A
Sector
Interactive Media and Services
Category
special_situation
Cedar Creek Partners new position - Propel Media (PROM)
PROM: Propel Media, an expert market stock, potential acquisition by IQVIA for $700-800M ($2.77-$3.17/share). FTC suing to block deal, court decision due Dec. Fund bought 3.2M shares at ~$0.25. If approved, could mean ~50% gain for fund. If blocked, Propel's healthcare ad biz DeepIntent still undervalued - grew rev 200%+ annually 2017-2021, profitable, yet trades <0.5x est. sales.
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