Quick Value #258 - Cyclical Recovery
Conservatively-run cyclical at industry-low valuations poised for 2025 recovery
Today’s idea:
Shares trading at 8.6x FCF / 5x EBITDA on potential trough numbers
Another beaten down industry with peers down 20% over the past year
Acquired 2 businesses in 2022 while spending >2x previous 20 years’ worth of M&A (capital allocation shift)
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