Added to YB: 2024-07-25
Pitch date: 2024-07-24
OTTR [bearish]
Otter Tail Corporation
+16.94%
current return
Author Info
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Company Info
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States.
Market Cap
$3.2B
Pitch Price
$91.88
Price Target
N/A
Dividend
2.74%
Sector
Electric Utilities
Category
special_situation
Show full summary:
Pipe Price Fixing - Otter Tail Corporation (short)
OTTR: PVC pipe makers coordinating price hikes via OPIS newsletter. Prices 4.7x & 2.7x pre-Covid for municipal & conduit. OTTR pipe EBIT +9x 2019-23, 61% margin vs 14% avg. Regulators (DOJ, FTC, CA AG) focused on collusion. Risk: price normalization, fines. Similar for ATKR, WLK, CNM. $36B market size.
Read full article (2 min)