Hollywood Media: Liquidation With Significant Upside Potential
- Hollywood Media is on track to be liquidated for a significantly higher valuation than the current $28m market cap.
- Cash on hand accounts for $23m, and its 34% stake in MovieTickets.com could be worth anywhere between $29m-$85m, indicating 85%-285% upside from current prices.
- Hollywood Media is majority owned by hedge funds, which should ensure that the transactions happens shortly and that the resulting funds are distributed to shareholders.
- Recent delisting from NASDAQ, lack of info on MovieTickets.com valuation and high historical expenses are keeping the share price at depressed levels.