turtle creek has been involved with jeld for a few years. in a rare attribute, they are one of few suggestivist managers that know the limit of their operational value-add.
they are a great group, but comment rarely and infrequently, and usually ~1 yr after they have initiated aid. it is unclear whether turtle creek have even traded successfully around the volatility here, which is a unique hallmark of a suggestivist value manager.
Did you check out Wordline SA already? They got whacked completely. Down from the 90s to 6,5€, trading at around 4x EV/EBITDA. Could be a nice turnaround story...
turtle creek has been involved with jeld for a few years. in a rare attribute, they are one of few suggestivist managers that know the limit of their operational value-add.
they are a great group, but comment rarely and infrequently, and usually ~1 yr after they have initiated aid. it is unclear whether turtle creek have even traded successfully around the volatility here, which is a unique hallmark of a suggestivist value manager.
Did you check out Wordline SA already? They got whacked completely. Down from the 90s to 6,5€, trading at around 4x EV/EBITDA. Could be a nice turnaround story...
Thanks for the comment. Will check it out!