This Aerospace Supplier Has Multiple Ways To Win
50% plunge from March highs creates an opportunity for patient investors
Another post-earnings sell-off has sent this aerospace business to a multi-year low.
The near-term chart and long-term performance suggest the market might have it right: 11x ebitda for a modestly attractive business isn’t unreasonable.
But the potential approval of a new product represents a huge near-term catalyst, and there’s an incoming cash flow tailwind to the tune of ~$100 million.
All told, this stock is a lot cheaper than it looks.