BOSS HOLDINGS INC BSHI

May 03, 2018 - 4:14pm EST by

member

						2018	2019
Price:		15.00		EPS		0	0
Shares Out. (in M):		2		P/E		0	0
Market Cap (in $M):		30		P/FCF		0	0
Net Debt (in $M):		-15		EBIT		4	6
TEV (in $M):		14		TEV/EBIT		5	2.4

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#	AUTHOR DATE SUBJECT
8	member 11/19/21 10:04AM Returned to EBITDA positive, continuing to scale Pet business
BSHI's two most recent quarters were EBITDA positive, although still not nearly what it should be. Note that CEO (Graziadio) still pays himself although he is not involved day to day; COO is also overpaid... login to read the rest view available tags
7	member 1/26/21 10:44AM BSHI minority investment (PIP) acquired
Odyssey Investment Partners acquires PIP from Audax (a minority investment of BSHI). Assuming a reasonable premium (30%) to cost of $10M (we will have to wait for official release), this brings cash and marketable securities... login to read the rest view available tags
6	member 12/05/19 12:12PM Glove and protective business sold for $35M or $17.60/share
https://bossgloves.com/wp-content/uploads/2019/12/Report-to-Shareholders-Boss-Gloves-Sale-12-4-2019.pdf Sold glove and protective business for $35M ($17.60/share) to Audax PE-backed PIP, and retained their real estate in Kiwanee worth ~$2M view available tags
5	member 6/19/19 10:56AM Update, still cheap with transformative acquisition
- Updated financials here: http://bossgloves.com/about/investor-relations/ - FY18 Sales, EBITDA were +24% and -32% , respectively - Organic sales by division were: o Work gloves +5% o Cell phone accessories -26% à largest customer cut purchases o Pet +15% organically o ... login to read the rest view available tags
4	member 12/19/18 1:42PM OPCO Buyout transaction comp
OPCO (a $28M business) announced its selling for just over 0.7x EV/sales, which if applied to BSHI’s sales including the newly acquired Pet assets would be 0.7 X $95M = $66M EV plus $10M of... login to read the rest -1 view available tags
3	member 9/27/18 6:13PM Financials are out, FYI
The 2017 financials are out (finally!), and they look pretty good. http://bossgloves.com/about/investor-relations/ view available tags
2	member 5/06/18 5:29PM Management
I met Lou Graziadio, the Chairman and major stockholder years ago. He is smart, well-to-do, and capable. Most impressive, he has been incredibly patient with this investment. i think that he these recent purchases will work 1 view available tags
1	member 5/03/18 5:35PM missing link and case # in the docket
Link to the debt (we put the wrong link in the file): http://www.monroecap.com/news/08-24-17/monroe-capital-provides-14-million-asset-based-facility-petedge-inc Case number in the delaware chancery court docket: Case No. 2018-0248-AGB view available tags

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