Sign in

    Benjamin Piggott

    Managing Director at EF Hutton

    Benjamin Piggott is a Managing Director at EF Hutton, specializing in middle market investment banking and equity research with coverage that has included firms such as Upexi. Joining EF Hutton at its inception in June 2020, he previously held senior roles including Chairman and CEO of EF Hutton Acquisition Corp. I and Sr. Managing Director, Research at D. Boral Capital. Piggott’s career reflects a strong track record in strategic advisory and corporate finance, complemented by his academic credentials from Bentley College. He is registered with the relevant professional authorities and holds multiple securities licenses.

    Benjamin Piggott's questions to UPEXI (UPXI) leadership

    Benjamin Piggott's questions to UPEXI (UPXI) leadership • Q1 2023

    Question

    Benjamin Piggott of EF Hutton inquired about Upexi's capital allocation priorities, asking for a comparison between the attractiveness of stock buybacks and M&A opportunities, particularly with the company's stronger balance sheet following the CBD asset divestiture.

    Answer

    CFO Andrew Norstrud explained that the company is discussing capital allocation internally. He stated that with acquisition multiples becoming more attractive and accretive than in the past, reinvesting in the business through acquisitions currently makes more sense than buying back stock. However, he affirmed that the company remains open to buybacks to deliver shareholder value as its cash position improves from debt paydowns and profitability.

    Ask Fintool Equity Research AI