Added to YB: 2025-09-05
Pitch date: 2025-09-04
ABLT [bullish]
American Biltrite Inc.
-7.19%
current return
Author Info
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Company Info
American Biltrite Inc., together with its subsidiaries, provides tape, jewelry, flooring, and rubber products worldwide.
Market Cap
$2.4M
Pitch Price
$76.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.46
P/E
-0.90
EV/Sales
0.14
Sector
Chemicals
Category
special_situation
American Biltrite - OTC:ABLT
ABLT: Tiny $2.3M cap family-owned manufacturer plagued by $41M asbestos liabilities from 1960s acquisitions. Owns >$100M tangible assets, $28M Wells Fargo debt. New CFO from PE background may drive restructuring via property sales (881k sq ft), cost cuts, or divest jewelry unit. Survival hinges on avoiding bankruptcy through creditor negotiations & structured asbestos settlement.
Read full article (3 min)