Ragnarok Research issues upbeat report on Alset EHome

Ragnarok Research, in a new note, says it is long Alset EHome (AEI), calling the company a “$13M company with $20M of net cash aiming to improve shareholder returns via stock buybacks, paired with an extremely incentivized CEO.” Along with this cash, Alset owns about 132 single family residential properties as well, which “counts for something,” Ragnarok says, arguing that there is a tremendous amount of value to be found in the balance sheet.