L.B. Foster: A Messy, Hidden, Attractive Opportunity

A closer look at FSTR shows a strong valuation, secular tailwinds, and a decent chance to double (or more).

📍 TLDR:

• At more than 11x trailing twelve-month Adjusted EBITDA, and with a leveraged balance sheet, FSTR at first glance looks like an easy sell.

• But after five acquisitions and divestitures in a 12-m…