Small & Mid Cap focused Value Investor

Gokul Raj. P

Equity Bottom-Up

Summerset Group Holdings / Equity Bottom-Up

<p>Elevator Pitch:<br><br>Summerset (SUM) and Ryman (RYM) have a unique business model that is a mix of a healthcare operator, real estate developer and timeshare seller. This model helps it to create a Win-Win proposition for all stakeholders in the ecosystem and generate strong shareholder value (20%+ CAGR investor returns since their IPOs in 2011 and 1999 respectively). These compounding machines are now entering a demographic sweet spot that provides massive tailwinds for similar future value creation. SUM is currently trading at around 1.7X Price/ Book and I believe that the true adjusted Price/ Book is less than 1X, providing an attractive entry point for long-term shareholders.</p>

Elevator Pitch:  Summerset (SUM) and Ryman (RYM) have a unique business model that is a mix of a healthcare operator, real estate developer and timeshare seller. This model helps it to create a Win-Win proposition for all stakeholders in the ecosystem and generate strong shareholder value (20%+ CAGR investor returns since their IPOs in 2011 and 1999 respectively). These compounding machines are now entering a demographic sweet spot that provides massive tailwinds for similar future value creation. SUM is currently trading at around 1.7X Price/ Book and I believe that the true adjusted Price/ Book is less than 1X, providing an attractive entry point for long-term shareholders.

Summerset Group Holdings - Cash Generative Compounding Machine at Attractive Valuations !!