Sep. 9 at 6:13 PM
$LUCK Market cap is sitting near
$760M (
$5.62).
The company holds
$700M+ in owned real estate assets.
The public market cap is basically trading 1:1 for pure land and buildings.
"BUT WHAT ABOUT THE DEBT?"
Let's address it:
• Debt: ~
$1.8B
• EBITDA:
$333M+
• Interest: ~
$135M
Operating earnings cover debt service more than 2x over, generating ~
$50M in Net Free Cash Flow (with CapEx cut down to
$90M). The debt is fully self-funding. You're buying
$1.25B in revenue and
$333M in EBITDA for ~
$0.45/share above liquidation land value. With ~84% float locked up by insiders/sponsors, 45% borrow fees, and DRIP buying hitting Sept 22, the downside at these levels is asset-backed—but the upside on an LBO or squeeze is asymmetric.
