High-leverage stub offers torque on re-rating
The case made was that Ferroghast's equity, as a small stub in a highly levered capital structure, offers significant optionality if the EV/EBITDA multiple re-rates closer to peer levels.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.