Added to YB: 2020-08-16
Pitch date: 2020-08-16
CLNY [bullish]
DigitalBridge Group, Inc.
+46.16%
current return
Author Info
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Company Info
DigitalBridge Group, Inc. is a leading global alternative asset manager dedicated to investing in digital infrastructure.
Market Cap
$3.0B
Pitch Price
$10.94
Price Target
N/A
Dividend
0.25%
EV/EBITDA
15.26
P/E
10.06
EV/Sales
6.18
Sector
Capital Markets
Category
turnaround
Colony Capital: SOTP to Earnings, Digital Infrastructure Pivot
CLNY: Legacy REIT pivoting to digital infra under new CEO Ganzi (ex-GTP founder). Legacy assets cover mkt cap, but shift to towers/data ctrs should earn earnings multiple vs SOTP discount. Covid accelerated need to sell legacy at bad time to fund digital. Outside cash from inst investor & convert. Upside if projections hit, Ganzi incentivized w/ 10M share grant at $10. Speculative but potential multi-bagger.
Read full article (8 min)