Quick Value #223 - Industrial Turnaround at 10x FCF

dividend cut stock sell-off + new management + turnaround math = upside?

Today’s idea:

• Manufacturer of consumer / industrial products

• Former dividend aristocrat slashed dividend by 90%

• New CEO and turnaround plan targeting 15% EBIT growth in 2 years

• Reasonable valuation at 10x earnings, 8x EBITDA, 100% FCF conversion

• Rapid deleveraging from cash flow and asset sales over next few years

[Trying something new alongside today’s post… I’ve included an audio recording (podcast style) to describe the idea. Let me know what you think in the comments.]

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