Overlooked Alpha

Overlooked Alpha

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Overlooked Alpha
Overlooked Alpha
Misunderstood Building Stock
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Misunderstood Building Stock

At only 8 times EBITDA, this building company could be a double.

Overlooked Alpha
Mar 27, 2023
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Overlooked Alpha
Overlooked Alpha
Misunderstood Building Stock
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⚡ Highlights

  • An exceptionally conservative valuation suggests broader residential real estate weakness is set to pressure earnings.

  • But new construction is a tiny sliver of overall revenue — and in the remaining three segments, the cycle has been a hindrance, not a help.

  • Revenue from renewable projects and solar in particular provide an extra kicker.

  • Management targets suggest shares could more than double in 24 months; even skeptical investors can still model sharp upside.

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