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home / news releases / SACC - Sachem Capital (93.5% Upside) And Sachem Baby Bonds (~18.5% YTM)


SACC - Sachem Capital (93.5% Upside) And Sachem Baby Bonds (~18.5% YTM)

For the 'too long; didn't read' crowd:

The baby bonds ([[SCCB]] | [[SACC]]) trade for a hair more than 2/3 face (~$18 of $25), and have very little risk. Yield to maturity is about 18.42% and 18.75% between price appreciation to face at maturity and their interest rate. They are about as safe and cheap an investment as I can imagine.

The common stock (SACH) trades for ~63% of book value (market cap of $52mm vs book value of ~$83mm), and seems really cheap as well. If Sachem Capital traded like the recently beaten down

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Stock Information

Company Name: Sachem Capital Corp - 6.875% NT REDEEM 30/12/2024 USD
Stock Symbol: SACC
Market: NYSE
Website: sachemcapitalcorp.com

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