- From Imperial Capital's George Kelly:
- 1) A $50M IT project is nearing completion which could help boost margins in H2.
- 2) Kelly sees $100M in annual FCF this year and next.
- 3) The company's "trophy properties" could sell for as much as 12x EBITDA, with proceeds used to cut debt.
- 4) Recent property sales by other publicly-traded companies in Japan show an appetite for M&A in the space.
- 5) Activist FrontFour has been pushing for a deal.
- Imperial maintains its Outperform rating and $21 price target.
- Source: Benzinga
- After a big move higher yesterday, MYCC is lower by 2.2% today to $16.96.