Yaron Naymark on IWG's value case from Yet Another Value Podcast

Yaron Naymark on IWG's value case

1 hour 19 minutes Posted Feb 27, 2023 at 12:42 pm.

Intro 

IWG overview 

How does the current high vacancy office space impact flex 

Why COVID and tech layoffs could be a tailwind for flex office demand 

Why office owners can't do flex themselves 

Discussing WeWork's brand versus IWG 

IWG's operating leverage and current valuation

Why is it taking IWG so long to accelerate their franchise business / refranchise corporate locations 

Is pitching value creation / operating leverage just a Waiting for Godot story? 

Looking at a potential Instant sale 

The complexities of IWG's financial reporting

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Show notes

Yaron Naymark returns to the podcast to discuss the value case for IWG (London Listed). IWG is best known for their Regus brand, which competes with WeWork in the flex office space. Yaron thinks the market is discounting the operating leverage IWG will realize as they put COVID behind them and begin to accelerate their managed locations offering.

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