QD - Qudian: 60% Discount To Liquidation Value And Massive Value Creation From Buybacks
2024-05-15 03:13:03 ET
Summary
- The company is currently valued at under $500 million. With a liquidation value of $1.3 billion - providing a margin of safety of a 60% discount to liquidation value.
- Qudian has implemented two share repurchase programs, buying back shares at a significant discount and unlocking massive value for shareholders.
- $94 million spent so far on the share repurchase programs unlocked a total value of $320 million for shareholders.
Editor's note: Seeking Alpha is proud to welcome Austin Garza Gaddis as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more »
...
Qudian: 60% Discount To Liquidation Value And Massive Value Creation From Buybacks