Quick Value #302 - Special Sit Combo Meal
Within a 2-year period, this one has it all: 1) beaten down share price; 2) balance sheet transformation; and 3) management change
Today’s post:
Scrapped a spin-off in favor of selling SpinCo
Then SpinCo divisions were sold (closing expected 2H26)
Then management was ousted and in search of a new CEO
It’s special sit combo meal: 1) beaten down shares; 2) balance sheet transformation; 3) management change
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:
01/19/26 — A look at the KBR upcoming spin-off
01/12/26 — Supremex is super cheap and inflecting ($)
01/06/26 — Shares of Cinemark look beaten down
12/29/25 — A look at stub Becton Dickinson ($)
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
