Replies to post #254 on ALJ Regional Holdings Inc. (fka ALJJ)

[Phaedrus77]

Thanks. I remember buying into this when he did a tender offer after selling the steel company, IIRC. I quit following it a few years ago though.

[Enterprising Investor]

Mission Accomplished

Jess Ravich, Chief Executive Officer of ALJ, said, "[...] On December 2021, we announced the sale of contracts in Faneuil's transportation and health benefit exchange verticals for $140 million, subject to certain adjustments. We anticipate recognizing a significant gain on sale from this transaction and expect closing to occur during the fiscal second quarter of 2022. Phoenix results for the quarter were above prior year as trade and education book components performed well. On February 4, 2022, we announced the sale of Phoenix for approximately $135 million, subject to certain adjustments and expect the transaction to close in the fiscal third quarter of 2022. We anticipate recognizing a significant gain on sale from this transaction and expect to use all of our remaining federal net operating loss carryforwards."