Professional
Added to YB: 2024-08-28
Pitch date: 2024-08-26
ALTG [bullish]
Alta Equipment Group Inc.
-18.09%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States and Canada.
Market Cap
$149.2M
Pitch Price
$6.65
Price Target
16.00 (+194%)
Dividend
N/A
EV/EBITDA
14.55
P/E
-1.85
EV/Sales
0.74
Sector
Trading Companies and Distributors
Category
value
Greenhaven Road Capital Main Fund Portfolio Holding: Alta Equipment Group Inc.
ALTG: Undervalued industrial equipment co. Less cyclical than perceived, strong cash generation, hidden annuity asset. Infrastructure spending key driver. 5 business lines: parts, service, new/used sales, rentals. Rental business distorts financials. CEO sees stability. 100%+ upside from $8 share price. Misunderstood by quants/passive investors.
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