1. Liquidity Services
$4.7
$5.90

3. EV/EBITDA ~ 1-2x Liquidity Services Stats: Market Cap $180m
Leading online auction marketplace for surplus and salvage assets
CEO ownership: 17.6%
President ownership: 2.6%
Debt Free Balance Sheet
Cash $95m
Plus $33m expected from Walmart contract
Total cash $129m or $4 Cash per Share
EV: $50
EBITDA: Safely north of $31m
EV/EBITDA ~ 1-2x

6. Book Value around $130m

7. Large Compensation
steady
Big purchases
$7-8
$15-22

8. Share Repurchases
Improving
10%

9. Share Repurchases
10%

10. Share Repurchases
10%