Breach Inlet Capital Sends Public Letter To Board Of International Money Express; Believes Co Is Materially Undervalued With Significant Growth Opportunities, Recommends The Board Immediately Announce Strategic Alternatives To Maximize Shareholder Value
Portfolio Pulse from Benzinga Newsdesk
Breach Inlet Capital has sent a public letter to the board of International Money Express (IMXI), urging them to announce strategic alternatives to maximize shareholder value. They believe IMXI is undervalued and could attract private equity interest, potentially leading to a significant share price increase.
September 04, 2024 | 6:20 pm
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POSITIVE IMPACT
Breach Inlet Capital believes IMXI is undervalued and recommends the board announce strategic alternatives, including a potential private equity takeout, which could significantly increase the share price.
Breach Inlet Capital's letter suggests that IMXI is undervalued and could attract private equity interest, potentially leading to a significant increase in share price. The historical precedent of private equity interest in IMXI and its peers supports this view. If the board acts on these recommendations, it could lead to a positive short-term impact on IMXI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Remitly Global (RELY) is mentioned as a comparison for IMXI's potential valuation. RELY's higher valuation highlights potential future upside for IMXI if acquired by private equity.
RELY is mentioned as a benchmark for IMXI's potential valuation in a private equity scenario. However, the direct impact on RELY's stock is minimal as the focus is on IMXI's strategic alternatives.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20