Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Historic Discoveries, Inc. is an enterprise dedicated to maritime exploration, specializing in the research, digital mapping, documentation, retrieval, and conservation of historical items from sunken vessels. The company also extends its services through Lavelle Holdings, Inc., its subsidiary, which offers subsea marine consulting and offshore project management. By July 12, 2007, Historic Discoveries had acquired exploration rights for roughly 400 shipwrecks. Founded in 1980 and headquartered in Newtown, Pennsylvania, the organization was previously identified as Sovereign Exploration Associates International, Inc.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. In particular, the stock is 'cheap' on EV/EBITDA.