Hedgeye CEO Keith McCullough is adding Mudrick Capital (MUDS) to the long side of Investing Ideas. Below is a brief note.
Looking for US Retail Longs that are A) for sale towards B) the low-end of their Risk Ranges on C) #decelerating volume...
That's what I am doing. Whatever other people do is what they do.
Retail analyst Brian McGough out on a new name (at a better price today!) called Mudrick Capital (MUDS) which is a great play on NFTs and Consumer Trends:
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Takeaway: We’re adding The Topps Company (MUDS/TOPP) to our Long Bias list. We’re adding The Topps Company (MUDS/TOPP) to our Long Bias list. Topps is one of the most recognizable brand names in collectibles, trading cards, and memorabilia. It’s coming public via SPAC with Mudrick Capital Acquisition Corporation II at a very reasonable announced deal multiple of 12.5x 2021 EBITDA and 1.9x 2021 revenue. The SPAC has done well, with MUDS now trading at $16.13. The company has 4 business units: Physical collectibles at 55% of revenue, Digital collectibles at 6% of revenue, Gift Cards at 4% of revenue, and Confections at 35% of revenue. |
Buying on sale is what you do too,
KM