BUR - Greenhaven Road Capital - Burford Capital: YPF Case Payout Is A '$6.2B Holding'
2024-05-01 08:20:00 ET
Summary
- Burford's largest “holding” is a judgement against Argentina related to the YPF case, for which Burford is in charge of pursuing the payout.
- If Burford were to collect the full $6.2B (not including post-judgement interest accruing at ~5% per year), this windfall would be worth $28 per share.
- While the YPF judgment is a massive asset for Burford, it is far from the only case that should start gaining more traction in the near term.
The following segment was excerpted from this fund letter.
Burford Capital Limited ( BUR )
As the ancient Greeks said, “The wheels of justice turn slowly, but grind exceedingly fine.”...
Greenhaven Road Capital - Burford Capital: YPF Case Payout Is A '$6.2B Holding'