Construction services spin-off: a first look
When-issued trading of $ECG at ~$49-50 (i.e. $12.50/share on pre-spin share count)... leaves stub $MDU at $16.50 which looks like a (potential) bargain...
R u holding both spin co and remain co?
Neither... sold my ECG shares in the mid-50's (looks like >14x EBITDA at current price)... MDU RemainCo ran to $20 and sold that piece too...
Seems u trim many stuffs. Market sentiment is pretty hype.
Definitely trimming many areas of portfolio... still a few places I'm adding but peeling back in things that've run lately!
When-issued trading of $ECG at ~$49-50 (i.e. $12.50/share on pre-spin share count)... leaves stub $MDU at $16.50 which looks like a (potential) bargain...
R u holding both spin co and remain co?
Neither... sold my ECG shares in the mid-50's (looks like >14x EBITDA at current price)... MDU RemainCo ran to $20 and sold that piece too...
Seems u trim many stuffs. Market sentiment is pretty hype.
Definitely trimming many areas of portfolio... still a few places I'm adding but peeling back in things that've run lately!