Professional
Added to YB: 2026-03-02
Pitch date: 2026-02-26
GPGI [bearish]
GPGI, Inc.
+0.71%
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
GPGI, Inc. provides sustainable injection molding solutions worldwide. The company's CompoSecure business provides metal payment cards, security, and authentication solutions.
Market Cap
$6.7B
Pitch Price
$22.61
Price Target
N/A
Dividend
0.04%
EV/EBITDA
61.50
P/E
-10.83
EV/Sales
40.69
Sector
Technology Hardware, Storage and Peripherals
Category
value
Jehoshaphat Research is Short GPGI - 'Great Positions in Good Industries, Inc.'
GPGI (short): Conglomerate paying 10% EBITDA mgmt fees to Chairman's firm, incentivizing bad deals. Husky acquisition based on misleading FCF (90% overstated vs traditional def), aggressive Adj EBITDA adds (~$44M/yr 'non-recurring'), 7% revenue growth proj vs 0-2% historical CAGR. Former employees claim parking lot shipments for revenue recognition, early shipments w/ delayed billing. CEO/CFO just resigned for 'personal reasons.' Platinum's 90-day lockup + 106M PIPE shares = massive overhang. Trading 17x+ EBITDA vs single-digit peers. Vertiv precedent: inflated pricing claims, securities fraud suit, only saved by AI boom mgmt didn't foresee.
Read full article (58 min)