Added to YB: 2026-10-08
Pitch date: 2026-10-03
OMCC [bullish]
Old Market Capital Corporation
-5%
current return
Author Info
Barton Springs Investing is the investing journal of Alex Bossert, the Founder and Portfolio Manager of Bossert Capital, a private investment firm focused on long-term wealth compounding and is modeled after the 1950’s and 1960’s Buffett Partnership. Sign up for the newsletter.
Company Info
Old Market Capital Corporation provides telecommunications services. The company offers broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio.
Market Cap
$27.6M
Pitch Price
$4.00
Price Target
9.41 (+148%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Wireless Telecommunication Services
Category
value
A Fiber Network Priced at Half What Comparable Networks Have Sold For Is Hiding Inside a Former Subprime Lender - $OMCC
OMCC: Old Market Capital’s 80%-owned rural broadband network is valued at roughly $1,419 per fiber passing versus $2,800-$4,700 in precedent transactions, while parent cash and receivables cover $1.19 of the $3.82 share price. The SOTP is $7.12-$9.41 today, and even a no-growth, zero-value fixed-wireless stress case yields $6.36; the main risks are OTC illiquidity, limited post-deregistration disclosure and subscriber-conversion execution.
Read full article (19 min)