Geoff Gannon May 27, 2019

Parkit Enterprise: Activist Controlled Parking Lot Owner Looking to Monetize Holdings, Trading at a Discount to Net Asset Value

WRITE-UP BY THOMAS NIEL (Image Created by the Author; Data via Parkit Investor Relations Page and Author’s Calculations)   Parkit Enterprise is a Canadian-domiciled owner of parking lots in the United States. Investors have forgotten about Parkit, pushing the stock to trade well below its underlying value.   But one investor saw opportunity and has taken the reins to realize the company’s underlying value. Leonite Capital, a family office led by Avi Geller, has acquired a large position, and last year took control of the...

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