Added to YB: 2024-10-03
Pitch date: 2024-09-29
MEG [bearish]
Montrose Environmental Group, Inc.
+1.07%
current return
Author Info
Jehoshaphat Research are fraud-busters who force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices. Sign up for the newsletter.
Company Info
Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Canada, and internationally.
Market Cap
$646.2M
Pitch Price
$27.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.46
P/E
-12.59
EV/Sales
1.53
Sector
Commercial Services and Supplies
Category
N/A
Jehoshaphat Research is Short Montrose Environmental Group (MEG)
MEG short: Testing co. obscuring organic revenue decline, inflating adj. EBITDA 80%, chaotic M&A failing to scale. No FCF, high leverage. Street modeling 11% growth & margin expansion. Catalysts: next 2 earnings, FY25 guidance. Insiders selling, exec departures signal downsizing.
Read full article (22 min)