Professional
Added to YB: 2024-01-26
Pitch date: 2024-01-26
MRC [bullish]
MRC Global Inc.
+32.76%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
MRC Global Inc. engages in the distribution of pipes, valves, fittings, and other infrastructure products and services.
Market Cap
$1.2B
Pitch Price
$10.38
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.04
P/E
13.4K
EV/Sales
0.62
Sector
Trading Companies and Distributors
Category
special_situation
Alluvial Capital new position: MRC Global ($MRC)
$MRC Global: Distributor to O&G, utilities & industrials. Unimpressive history, unhappy investors (Cornell Capital). Activist Engine Capital (4%) pushing for sale. Term loan due Sept '24. Expect mid-high teens takeout as best solution for all parties.
Read full article (3 min)