Added to YB: 2023-12-11
Pitch date: 2023-12-09
GTX [bullish]
Garrett Motion Inc.
+133.46%
current return
Author Info
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Company Info
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells engineered turbocharging and high-speed electric motor technologies for original equipment manufacturers, distributors, and industrial fields in the United States, Europe, Asia, and internationally.
Market Cap
$3.5B
Pitch Price
$7.85
Price Target
10.00 (-45%)
Dividend
1.73%
EV/EBITDA
7.68
P/E
12.14
EV/Sales
1.34
Sector
Automobile Components
Category
turnaround
Pulling Returns Forward With Options
GTX to cut debt, uplift credit rating by '24 end; could boost mkt cap by $1.1B via lower leverage & re-rating to 6x EBITDA. Sell calls to set exit above target price, collect premium (e.g. $0.15/sh for $9 calls, 73d expiry at $7.74). Limit upside only for good premium. Know thesis & timeline.
Read full article (7 min)