Three-minute pitch #3

A fund goes activist to unlock value in a small apparel company

Yesterday, an activist fund filed a 13D disclosing its ownership in a small, beaten-up apparel company. This involvement comes after the company received an unsolicited bid for its best asset. While the company has multiple business lines, this one business in particular is a real gem.

Given the very low starting valuation and a solid catalyst for the company to sell assets, I believe the shares here look very compelling.

Here’s a quick pitch in the interest of timeliness.