- JAKKS Pacific just posted markedly better Q1 FY 2021 earnings on April 28th, after the bell. Adj. EBITDA improved by $11.4 million, to -$2.4 million compared to Q1 2020.
- TTM Adj. EBITDA is now $39.5 million and the stock trades at less than 4X my pro-forma EV/TTM Adj. EBITDA estimates (I am assuming the convertible debt is converted).
- Given the strong and tangible business momentum, management could unlock a lot of shareholder value by refinancing, simplifying, and terming out its capital structure.
For further details see:
JAKKS Pacific: One Of My Favorite Micro-Cap Stocks