Professional
Added to YB: 2021-04-15
Pitch date: 2021-04-15
LMB [bullish]
Limbach Holdings, Inc.
+602.59%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
Limbach Holdings, Inc. operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships.
Market Cap
$792.6M
Pitch Price
$10.81
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.54
P/E
22.51
EV/Sales
1.43
Sector
Construction and Engineering
Category
turnaround
1 Main Holdings top position: Limbach Holdings (LMB)
LMB raise concerns: 25% discount to pre-raise price, dilutive 25% new shares issued, key holders excluded. Q4 EBITDA guidance unclear. Strategic missteps: pursuing growth over margins, inefficient working capital. Board unengaged, lost shareholder confidence. Trades 4x EBITDA vs peers 8-12x. Activist believes upside with strategic changes.
Read full article (4 min)