Trending Assets
Top investors this month
Trending Assets
Top investors this month
Nathan Worden's avatar
Nathan Worden
$338.9MFollowers
@nathanwordenMay 18
Paul Cerro made a great call on Latch
On April 16th Paul Cerro laid out a thesis on why he thought $LTCH was trading below its liquidation value.

image


You can check out the post here:


At the time Latch was trading at $0.68. Today it’s trading at $1.21.

I bought Latch shortly after Paul’s post, but I am a dunce and sold too early:

image

Still, wanted to congratulate Paul on some great work here.

Technically, according to Paul there is still some upside left.
Ben's avatar
Ben
@rpinvestmentsMay 18
A lot of upside. Cash price is around 2.50 a share. And if the business would actually file reports it should be worth double that.
Nathan Worden's avatar
Nathan Worden
@nathanwordenMay 18Author
@rpinvestments Amazing that it was trading for so much less than that. I guess it was the risk of being delisted?
Ben's avatar
Ben
@rpinvestmentsMay 18
@nathanworden and all the C suite quitting. And having to re-file financial statements going back years. And not filing a quarterly report in a year.
Nathan Worden's avatar
Nathan Worden
@nathanwordenMay 18Author
@rpinvestments yeah I guess that pricing was factoring in a complete collapse.
Paul Cerro's avatar
Paul Cerro
@paulcerroMay 19
@nathanworden net cash is much lower than that
Paul Cerro's avatar
Paul Cerro
@paulcerroMay 19
@nathanworden thanks Nathan!
Ben's avatar
Ben
@rpinvestmentsMay 19
@paulcerro doubled checked. It’s $2 a share net cash. But that’s based on year end 2021 filing
Paul Cerro's avatar
Paul Cerro
@paulcerroMay 19
@rpinvestments Yea it's pretty out of date. I breakdown that net cash is close to $1.50 https://www.cedargrovecm.com/p/spec-sit-latch-ltch-trading-below#details
Nathan Worden's avatar
Nathan Worden
$338.9MFollowers
@nathanworden
Related
Already have an account?