Heritage Global Inc. (HGBL)
Pitch Summary: Heritage Global is a small-cap asset services firm operating two complementary segments: Industrial Auctions/Refurbishment and Financial Assets (Receivables Brokerage & Specialty Lending). The stock collapsed after a $22M loan default—its largest borrower—created uncertainty around recoveries, even as core operations remained profitable. Management expects partial or full recovery and has paused new lending to […]
