Ballantyne Strong: The Good, The Bad And The Inflection Point
Fundamental Global
2022-03-15
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Ballantyne Strong's sum of parts valuation implies a $5-$10m equity value for Strong Entertainment which is going to IPO this year.
Downside case for Strong Entertainment is $3.5-$4.0m EBITDA with $5.0-$6.0m EBITDA very possible. Debt is $3.5m.
Implied valuation of Strong Entertainment could be near $0 if we mark up the Firefly series A investment which is on the balance sheet at cost despite currently raising series C.
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Downside case for Strong Entertainment is $3.5-$4.0m EBITDA with $5.0-$6.0m EBITDA very possible. Debt is $3.5m.
Implied valuation of Strong Entertainment could be near $0 if we mark up the Firefly series A investment which is on the balance sheet at cost despite currently raising series C.
#FundamentalGlobal #FundamentalGlobalInvestors
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