FG

FGL Holdings

Finance/Real Estate, SPAC


Presented:10/05/2017
Price:$11.19
Cap:$0.22B
Current Price:$43.56
Cap:$5.49B

Presented

Date10/05/2017
Price$11.19
Market Cap$0.22B
Ent Value$0.85B
P/E RatioN/A
Book Value$0.23
Div Yield0%
Shares O/S19.95M
Ave Daily Vol367,942
Short IntN/A

Current

Price$43.56
Market Cap$5.49B
FGL Holdings is a blank check company, which has an objective of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It focuses on companies in the field of financial, technology, and services. The company was founded on February 26, 2016 and is headquartered in Las Vegas, NV.

Please note, on 12/1/17 CF Corp. (CFCO) changed its company name and ticker to FGL Holdings (FG) as part of a merger transaction. The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: American Equity Investment Life Holding (AEL), CF Corp (CFCO), Fidelity & Guaranty Life (FGL)

Highlights

The presenter is long shares of CF Corp (CFCO), a SPAC that is set to acquire Fidelity & Guaranty Life (FGL), a provider of fixed indexed annuities and life insurance products. The presenter identifies short-term catalysts in the form of meaningful tax benefits from offshore domiciliation and improved asset yield, with long-term potential of synergistic consolidation and operational improvements. The presenter thinks there could be 30% - 40% upside from warrant takeouts and 100%+ equity upside, and is invested in both.

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Idea Discussion

Commentor 1 - 2 weeks ago

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