Bragg Gaming: Strategic Alternative Review Underlines Potential In Underlying Value [Seeking Alpha]
Bragg Gaming Group Inc. - Common Shares (BRAG)
Company Research
Source: Seeking Alpha
The company still expects good growth in 2024, but the adjusted EBITDA guidance likely doesn't anticipate operating leverage that I believe to drive the long-term investment case. Bragg has now formed a special committee to review strategic alternatives, sparking hopes for potential transactions revealing underlying shareholder value. The long-term story in my opinion still stands strong, and the current price reflects a good risk-to-reward, especially with strategic alternatives being looked at. Bragg Gaming ( NASDAQ: BRAG ) recently reported the company's Q4 results. The stock didn't react very significantly with pre-announced Q4 results, but has since jumped significantly with the reported 2024 outlook and the confirmed review of strategic alternatives for the company, sparking hopes for investors to realize Bragg's underlying value. I initiated the stock with a write-up titled “Bragg Gaming: An Operating Leverage Opportunity” published on the 17 of January with a buy rati
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BRAG
News
- Bragg Gaming announces $7M secured note financing [Seeking Alpha]Seeking Alpha
- Bragg Announces US$7 Million Secured Note Financing [Yahoo! Finance]Yahoo! Finance
- Bragg Announces US$7 Million Secured Note FinancingBusiness Wire
- Bragg Gaming Group to Release First Quarter 2024 Results on May 9Business Wire
- Bragg Gaming and Light & Wonder Agree to an International Distribution DealBusiness Wire
BRAG
Sec Filings
- 4/26/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/8/24 - Form 6-K
- BRAG's page on the SEC website