BRMK - Broadmark Realty Capital: Immediate Upside As Temporary Market Inefficiency Dissipates
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Broadmark Realty Capital, Inc. (BRMK) offers immediate upside as a temporary market inefficiency dissipates. Market participants have overlooked BRMK equity, resulting in an unwarranted discount to peers, despite having a higher-quality loan portfolio, stronger balance sheet, more robust growth prospects and using no leverage. This mispricing is rapidly disappearing but remains significant.
Prescience Point Research Opinions:
- Shares trade at an unwarranted discount to peer group: Discount primarily due to (1) unfamiliarity with business as it recently/quietly