Quick Value #300 - Canadian Inflection
This Canadian microcap is an early innings capital allocation inflection; shares are super cheap at 3x EBITDA and 7x FCF
Today’s post:
Canadian “cigar butt” trading at 3x EBITDA and 7x FCF
Recent sale-leaseback transaction leaves company virtually unlevered
Capital allocation ramping via combo dividends, buybacks, and tuck-in M&A
For new subscribers — these write-ups are meant to be a “jumping off point” for the idea generation process (i.e. a surface level review). Each write-up includes: 1) company background; 2) why the idea is interesting; and 3) fair value estimate.
Check out past write-ups here and my home base page here.
Recent write-ups include:
12/29/25 — A look at stub Becton Dickinson ($)
12/22/25 — Initial look at Versant spin-off
12/01/25 — Gibraltar beaten down on acquisition announcement ($)
11/27/25 — New Aptiv (RemainCo) and Cyprium (SpinCo)
11/17/25 — Turnaround + management change at SWK ($)
11/10/25 — Dole fully deleveraged, cheap, kickstarting buybacks
10/27/25 — ONEOK is a cheap midstream energy co
10/20/25 — Net-net in oilfield services ($)
10/13/25 — Solstice spin off from Honeywell
10/06/25 — Divestitures and delevering at Leggett & Platt ($)
