BHC (BLCO)
In fairness there hasn't been an ipo in months because of market conditions, and BLCO is up, from the price, granted a lower price, but with these market condition that has to be expected.
BHC Had Huge positive cash flow from operations of 1.4 billion for fy 21, and was very profitable probably trading about 3 times+ ad justed earnings going foward. And less than 2 time Adjusted ebitda.
Here is the value, BLCO trades at $19.58, based on what I read they have about 90% of the shares right now. So even with this discounted price, that means 315 Million shares times about 19.58, is more than the BHC market cap. Keep in mind BHC has other businesses which right now are being worth negative value. Not say BHC will ever get a high pe but a PE of 5-7 could get us from the mid 20's to mid 30's. At this point I believe the stock is undervalued, and very undervalued. But I have been wrong so far. All is just my opinion, and I could always be wrong though.
