Added to YB: 2024-07-25
Pitch date: 2024-07-24
ATKR [bearish]
Atkore Inc.
+50.26%
current return
Author Info
No bio for this author
Company Info
Atkore Inc. engages in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions in the United States and internationally.
Market Cap
$2.2B
Pitch Price
$130.03
Price Target
N/A
Dividend
2.03%
EV/EBITDA
6.39
P/E
20.21
EV/Sales
0.97
Sector
Electrical Equipment
Category
special_situation
Pipe Price Fixing - Atkore Inc. (short)
ATKR: PVC pipe mfrs coordinating price hikes via OPIS newsletter. Prices 2.7-4.7x pre-Covid levels despite normalized costs/demand. ATKR, OTTR, WLK, CNM profits soared: ATKR EBITDA +3.4x, price +86%, margins 20%->38% ('19-'23). $36B market. Regulators watching. Risk: price normalization, fines. Downside for ATKR if investigated.
Read full article (2 min)