Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / SPLP - Steel Connect - Activist Catalyst And NOL-Rich Small Cap At 54% FCF Yield Worth $6.00+/Share

SPLP - Steel Connect - Activist Catalyst And NOL-Rich Small Cap At 54% FCF Yield Worth $6.00+/Share

Steel Partners Holdings LP LTD PARTNERSHIP UNIT
  • Steel Connect is a $120mm market cap special situation, with activist investors awaiting the company's strategic review.
  • STCN has $2.00-3.00 per share of hidden value in the company's $2.1 billion of net operating losses (NOLs).
  • The largest shareholder Steel Partners (SPLP) has proposed acquiring all outstanding shares and Houlihan Lokey has been engaged as STCN's investment bank.
  • STCN's strategic alternatives could include a $1.00/share special dividend, 10 million share repurchase, or the sale of one or both businesses.

For further details see:

Steel Connect - Activist, Catalyst And NOL-Rich Small Cap At 54% FCF Yield, Worth $6.00+/Share
Stock Information
Company Name: Steel Partners Holdings LP LTD PARTNERSHIP UNIT
Stock Symbol: SPLP
Market: NYSE
Website: steelpartners.com
Menu
SPLP SPLP Quote SPLP Short SPLP News SPLP Articles SPLP Message Board
Get SPLP Alerts

News, Short Squeeze, Breakout and More Instantly...