Added to YB: 2024-07-09
Pitch date: 2024-07-08
VVI [bullish]
Pursuit Attractions and Hospitality, Inc.
+62.49%
current return
Author Info
Forty years on the buyside, spent mostly on the cash flow statement. One-hour analyses of companies Wall Street stopped covering. No recommendations, no model portfolio, no promotion. Sign up for the newsletter.
Company Info
Pursuit Attractions and Hospitality, Inc., an attraction and hospitality company, owns and operates a collection of travel experiences in iconic destinations in the United States, Canada, Iceland, and Costa Rica.
Market Cap
$1.2B
Pitch Price
$33.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.90
P/E
41.89
EV/Sales
3.25
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Viad Corp. One Hour Analysis: Company Has Long History of Divestitures, Could One More Enhance Shareholder Value?
VVI: Potential value creation via divestiture of GES segment. Pursuit (hospitality/attractions) could be standalone or acquisition target. Est. $510M proceeds from GES sale at 6x EBITDA. RemainCo: $95M cash, no debt, 7-8x EV/EBITDA. Crestview 24% stake may seek exit. Risks: No guarantee of sale/spinoff. Upside: Loyalty program, margin expansion, Vail Resorts acquisition potential.
Read full article (8 min)