Sep. 1 at 8:36 PM
$RELI Anticipating a very big run on this name
is such a small company (worth only about
$4M by market cap) that selling one of its subsidiaries, Fortman Insurance, for
$5M in cash is massive. The sale alone is worth more than the entire company’s current value, which is why the stock jumped about 40% on the news. This deal gives RELI a big cash boost, proves management can create value, and sets them up to use that money for new acquisitions like Spetner Associates, which could drive even more growth.
