Professional
Added to YB: 2024-04-26
Pitch date: 2024-04-23
AMRK [bullish]
Gold.com, Inc.
+14.19%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
Company Info
Gold.com, Inc., together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending.
Market Cap
$1.4B
Pitch Price
$34.71
Price Target
N/A
Dividend
1.66%
EV/EBITDA
9.31
P/E
15.97
EV/Sales
0.07
Sector
Distributors
Category
value
Praetorian Capital Fund Portfolio Holding: A-Mark Precious Metals, Inc.
AMRK: Supplies coins to dealers & online brokers like JM Bullion. Earns ~$7/sh adj for non-recurring items in FY21-23. Acquired at 4x earnings despite high ROC. Earnings down on lower volumes & spreads, creating opportunity. Can earn $10/sh in crisis with healthy multiple. Proxy for rising precious metal prices without mining risk.
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