Advantage Solutions: 5x Earnings And A Chance To Triple

A huge sell-off leaves a leveraged (but stable) business priced too low

TL;DR

• Marketing firm Advantage Solutions closed at an all-time low on Thursday, a ~50% sell-off since the Q2 report in early August.

• Advantage is clearly dealing with significant near-term challenges, most notably in terms of wage inflation. But forward guidance has been re-affirmed.

• End customers should see stable performance, and long-term relationships …