Three-minute pitch #11

60% discount to NAV, with a highly desirable asset and aligned activist.

Welcome back, Ultimate Value readers!

I’ve been finding lots of interesting opportunities lately.

Here’s one that I think is quite compelling.

This opportunity is a sum of the parts (SOTP) bet but one that has a highly desirable asset—a defensible, high-quality SaaS business—and trades at less than 40% of its net asset value. In addition, the company has an aligned activist investor who will push it to close the massive valuation gap in due time.

Let’s take a look.