Added to YB: 2024-06-13
Pitch date: 2024-06-12
TH [bullish]
Target Hospitality Corp.
+6.61%
current return
Author Info
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Company Info
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America.
Market Cap
$650.8M
Pitch Price
$7.56
Price Target
N/A
Dividend
N/A
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Show full summary:
Sifting the debris with Target Hospitality (TH)
TH plunged 30%+ as Biden plans to close its largest ICE facility, putting 72% of revenue at risk. But cheap at 4.8x EBITDA ex-Dilley, 64% owner TDR may still take private at $10.80 (7x). Facility repurposing & new contracts offer upside. CXW/GEO comps 7-7.5x despite lower margins & more debt. Panic selling creates opportunity.
Read full article (7 min)