Tiptree: A Discounted Book-Value Thesis Despite Asset Sales

Impact · against what's priced in

Tiptree presents a potential value play based on a 26% discount to its pro forma book value of $23.80. The completion of asset sales for Fortegra and Reliance First Capital has simplified the company's structure and crystallized cash value.

TIPT+0.60: No priced-in read yet
In context: The company is trading at $17.67, representing a 26% discount and 35% upside to a pro forma book value of $23.80 following all-cash sales of Fortegra and Reliance First Capital.
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Tiptree: A Discounted Book-Value Thesis Despite Asset Sales

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Tiptree: A Discounted Book-Value Thesis Despite Asset Sales

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Tiptree: A Discounted Book-Value Thesis Despite Asset Sales

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Main Street Capital Q3 Preview: Momentum Matters

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Tiptree: A Discounted Book-Value Thesis Despite Asset Sales

What matters in this story

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Main Street Capital Q3 Preview: Momentum Matters

Tiptree: A Discounted Book-Value Thesis Despite Asset Sales

What matters in this story

Next reads from the same story arc

Main Street Capital Q3 Preview: Momentum Matters

How each ticker is affected

Track these names every morning.

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I don't see roaring 1920s comparison in the stock market: Bill Ackman

Prediction: $5,000 Invested in Netflix Will Be Worth This Much by 2030