Welcome to Quick Value
Every few weeks I’ll repost this reminder on what Quick Value is all about… Each week I’ll cover a stock on my watchlist in a Quick Value review. Here’s the scoop:
Idea generation — The goal is to keep the new idea process churning by working the watchlist. These are meant to be a jumping off point for deeper research (i.e. a surface level review).
Format — My format is similar to Steinhardt’s 4 questions: what they do, why it’s interesting, and what it’s worth. [Technically, Steinhardt’s were: the idea, consensus view, variant perception, and catalyst.]
Weekly posts — Covers 1 new idea each week and rotates between free and premium posts. Premium posts lean toward micro/small caps and special sits.
Coverage focus — You’ll see lots of special situations (including virtually every spin-off) and an emphasis on small caps.
Past ideas — Check out past ideas here to get a feel for what’s been covered.
Today’s idea:
Shares are cheap — trading at 8.5x FCF / 7x EBITDA
Recently completed split/merger which simplifies capital structure
Share cannibal repurchased 48% of shares since 2013 (6.2% CAGR)
Subscribe below for access to all Quick Value posts. As a reminder, premium posts mostly cover “top of the pile” ideas that are generally microcaps or special situations.
