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The Rehabilitation Of Remark Holdings

Dec. 04, 2018 6:15 PM ETRemark Holdings, Inc. (MARK)54 Comments
John Gilliam profile picture
John Gilliam


  • MARK shares could be worth 3-5x current trading price without China ops.
  • Value of Sharecare holding per MARK share = $3.25+.
  • Value of Vegas.com holding per MARK share = $2+.
  • MARK shares could be multi-bagger if management regains investor confidence.
  • Submit questions for author to ask in face to face meeting with MARK CEO and CFO Wednesday afternoon.

What questions must be answered for investors to believe in Remark Holdings management again?

Late last year I started publishing a series of articles about Remark Holdings (NASDAQ: NASDAQ:MARK). I believed that Remark owned several assets that were severely undervalued given their operations and/or the relative valuations in their respective sectors. Over the several months that the articles were published, there seemed to be a fuller recognition of the value there and towards the end of that run, there began to be a very strong movement among investors seeking to gain exposure to Artificial Intelligence companies and/or operations. In my last article, I pointed out that Remark would arguably still be undervalued even in the low teens, an opinion that was based on the recent investment from CP Group at an implied valuation of $12 per share, management estimates for full year revenue growth indicating an expectation of exponential growth for the AI side of the business year over year, management comments that lead us to believe that the company might even outperform those eye-popping estimates and the implied valuations being accorded to other players in the AI space who were not growing as fast as Remark's Kankan was predicted to grow. At the time there were very few publicly traded vehicles to gain exposure to the AI space and for this reason (plus my article, of course) Remark stock soared to the teens as the demand for shares from Artificial Intelligence investors and speculators surged.

ChartMARK data by YCharts

Several weeks after my last article, a report was published by a writer who claimed that Remark Holdings was nothing more than a "tout" with no real business operations and essentially accused Remark management of misleading investors with regards to most every aspect of its business. While many of the claims in the

ChartMARK data by YCharts

ChartMARK data by YCharts

This article was written by

John Gilliam profile picture
John Gilliam holds a BBA from Millsaps College and a JD from the Cumberland School of Law. He is the manager of Point Clear Strategic Holdings in Point Clear, Alabama. Point Clear Strategic Holdings is a value oriented activist investment group seeking opportunities in small cap technology companies. Visit: Point Clear Strategic Capital (http://www.pointclearstrategiccapital.com/)

Analyst’s Disclosure: I am/we are long MARK. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

My intent in publishing this article is to inform investors about developments related to Remark Holdings. I did not and do not intend to suggest any specific action by any investor or shareholder and strongly suggest that any decision made to buy or sell shares of this stock be made after consultation with an investment advisor as to the suitability of such an investment. I currently own shares of MARK outright and in some managed accounts. I may buy or sell shares at any time based on market conditions and the trading price of MARK.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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