Sachem Capital (93.5% Upside) And Sachem Baby Bonds (~18.5% YTM) [Seeking Alpha]
Manhattan Bridge Capital, Inc (LOAN)
US:NASDAQ Investor Relations:
manhattanbridgecapital.com/investor_relations.html
Company Research
Source: Seeking Alpha
SummaryThe baby bonds SCCB and SACC are about as safe and cheap an investment as I can imagine.The common stock (SACH) seems really cheap as well.Yes, it's a REIT, and are getting killed, especially m. But this one is different than the rest because of the simple capital structure, debt to asset ratio, and the value of the equity.For the 'too long; didn't read' crowd:The baby bonds (The common stock (NYSEMKT:LOANAs such, even with potential write downs of assets (I don't think this is a huge risk), the equity should have significant upside, with minimal risk of capital impairment. The bonds (SCCB and SACC) have a VERY high probability of trading at face, and I don't see any real risk of capital impairment with them.If everything gets back to normal, the common stock could trade for $7.30/share, given the valuation that LOAN had JUST 2 MONTHS AGO. Their market cap of $62.6mm represented a p/b of ~1.95.For some more detail:A lot of investments I make are based on the ideas of other peo
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- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital Third Quarter 2024 Earnings: EPS: US$0.12 (vs US$0.13 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Manhattan Bridge Capital GAAP EPS of $0.12, revenue of $2.31M [Seeking Alpha]Seeking Alpha