Added to YB: 2026-07-24
Pitch date: 2026-07-22
RYAM [neutral]
Rayonier Advanced Materials Inc.
-6.22%
current return
Author Info
No bio for this author
Company Info
Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Europe, Japan, rest of Asia, Canada, Latin America, and internationally.
Market Cap
$580.6M
Pitch Price
$9.00
Price Target
12.00 (+33%)
Dividend
N/A
EV/EBITDA
10.56
P/E
-1.21
EV/Sales
0.90
Sector
Chemicals
Category
special_situation
Part 2 of the RYAM Saga- Mill Pond and Intrinsic Value
RYAM (update): Mill Pond (3% owner) pushes public letter urging full sale. Board rejected Nov 2025 $11-12/share bid (~100% premium); 7yrs of losses, 3 CEOs (none seated), $1.2M/yr board pay w/ minimal insider buying. 6% GM commodity cellulose, ~$3B replacement cost vs $1.3B EV. Merger w/ GCF/AIPCF could cut $60-65M SG&A, flip -$40M to +$40M FCF; ~$500M blue-sky EBITDA. But heavy debt caps buyers at ~$1.6B ($12/sh).
Read full article (6 min)