Professional
Added to YB: 2024-04-24
Pitch date: 2024-04-23
MRC [bullish]
MRC Global Inc.
+15.41%
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
$11.94
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 Fund Portfolio Holding: MRC Global Inc.
MRC Global guides healthy 2024 earnings, plans to pay off term loan with cash flow & ABL draw. Activist Engine Capital gains board seat. Still trades at 5x 2024 OCF. Resolving convertible preferred situation could catalyze shares higher.
Read full article (1 min)