This Aerospace Supplier Has Multiple Ways To Win

50% plunge from March highs creates an opportunity for patient investors

Highlights:

• 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.