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Logan Shearer's avatar

We share lots of thoughts on the stock. I have a writeup coming for it this week and would love to get your two-cents

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Value Don't Lie's avatar

Happy to, drop a link or send a DM!

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VaIue D0nt Iie.stacks's avatar

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researchnewsletters1's avatar

Nice write up. I just worry that without an inflection or catalyst they continues to pump $'s into m&a just to (like you say) run in place. Likely that's what the market is thinking. An activist might be needed here to filter & refine their m&a strategy & push more towards buybacks. That said perhaps without the m&a they don't generate enough fcf to ramp the buybacks.

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Value Don't Lie's avatar

Agreed... it looks like 2025 guide is first year in several that M&A will add to results (5-6% sales + EBITDA growth)

Said differently, what's the underlying organic growth of these businesses over 5-6 years? Hard to tell...

Last 3 years were $100-170m FCF ex-M&A which is ~6-9% of market cap. Cheap stocks can always get cheaper though :)

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VaIue D0nt Iie.stacks's avatar

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Russell A's avatar

any updates on CCSI, ZD's former spin?

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VaIue D0nt Iie.stacks's avatar

Alright attention needed to all my subscribers out there!! Today I'll be 1ntroducing you all to a Life changing investment that will help you financially. Wow it's very lucra-tive. You can เηνεςt more if you're capable because it's 100% safe and trusted.

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<<<+> ±1 585-623-0133..

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Pitching Value's avatar

Nice write-up!

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