FIGS: Opportunistic Bid Grossly Undervalues A Recession Proof Business
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FIGS, a company with strong free cash flow and no debt, has received a $6 per share offer from Story3 Capital to take it private. This offer is seen as undervaluing the company, which has seen its stock drop from over $35 to $6.07 since its IPO.
December 16, 2024 | 9:00 am
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FIGS has received a $6 per share offer from Story3 Capital to take it private, which is considered to undervalue the company. FIGS has strong free cash flow and no debt, making it attractive to value and arbitrage investors.
The offer from Story3 Capital undervalues FIGS, which has strong financials. This could lead to increased interest from value and arbitrage investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100