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Added to YB: 2025-09-30

Pitch date: 2025-09-26

LGNC [bullish]

Logan Clay Products Company

+5.93%

current return

Author Info

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Company Info

Logan Clay Products Company produces and sells sanitary sewer pipes and building products. The company’s pipe products include O-ring joints; Y- and T-branches; pipe fittings, such as curves, elbows, saddles, increasers and reducers, and double hubs and stoppers; and traps, including running traps, P-traps, shoulder hand hole traps, half traps, and catch basin traps.

Show full summary:
The Logan Clay Products Company - OTC:LGNC

LGNC: 135yr-old niche vitrified clay pipe maker for municipal sewers. $8.9M net cash vs $6.9M EV. 2024 EBITDA $4.6M (1.5x EV/EBITDA). Durable moat - clay pipe lasts 200+ yrs vs plastic/metal. Consistent profits, low maintenance capex ~$1-1.5M. Rare OTC trading but strategic buyer likely pays 2x+ current price.

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