ALJ Regional Holdings Inc. (fka ALJJ)

[Phaedrus77]

Q1 results were released awhile back. I calculate ~$3.50 bv per share, assuming conversion of the debt.

$10 million of the opportunity fund investment was invested in the redevelopment of a Harrah’s casino in Reno. It’s being turned into apartments, grocery store, etc. No financial details were released, but it seems promising to me (assuming, of course, that Ravich didn’t overpay).

https://www.rcclive.com/

AMRK is interesting to me. It’s cheap on a PE basis, but insiders are selling. I’m wondering if its current results are sustainable or if this is a classic case of a cyclical looking cheap at the top of a cycle.