Osmium Urges Kirkland's Board to Increase & Execute an Accelerated Share Repurchase of 50% of the Outstanding Shares
GREENBRAE, Calif., April 28, 2022 /PRNewswire/ --
Over the last ten years, Kirkland's has generated approximately $300 million in operating cash flow or 3x the current market cap Over the last 20 years, Kirkland's has generated approximately $600 million in operating cash flow or 6x the current market cap Currently, Kirkland's has $80 million in cash and untapped access to capital which is equal to the market capitalization We believe the company can borrow at 2% and could potentially buy 50% of the outstanding shares, which are currently trading at 2.5x the 20-year average annual operating cash flowDear Kirkland's Board Members:
Osmium Partners has been an investor in Kirkland'
