This Stock Has A Negative EV And A 98% Upside In NAV

A Phoenix Rising?

The company I’m writing about today has a GAAP NAV worth $2.55 per share. That’s a 97.7% increase over this company’s current share price of $1.29. Even better, almost all of these assets are cash. Once received with an incredible amount of enthusiasm on market news channels like CNBC, this company has actually recently emerged from bankruptcy. The company’s common stock wasn’t wiped out though and the business can use their $1.1 billion in NOLs accrued under their previous operations to help jumpstart a new venture. Their former management team and board have all been terminated and one man who was elected as the company’s new Chief Executive Officer, President, Secretary, and Treasurer is leading the company in conjunction with five newly elected directors through its bankruptcy emergence.