- 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