Buy TBRD Ahead of TSX Uplisting Catalyst

about 1 month ago

Franco Chalmanos

"By the end of this year, Thunderbird will uplist to the TSX exchange, which, with its stricter buyback rules and improved liquidity, could drive a rerating from its current low valuation of around 1.6x EBITDA to approximately 3 to 4x free cash flow. This liquidity and valuation catalyst presents a compelling long opportunity for TBRD."

Thunderbird Entertainment (TBRD), a microcap Canadian media company trading at a very low multiple (approximately 1.6x EBITDA), is poised for a catalyst as it uplists to the TSX exchange by year-end. The uplisting is expected to improve liquidity and trigger a re-rating of the stock potentially to 3-4x free cash flow. Investors can consider accumulating TBRD in anticipation of this near-term positive revaluation.