A Beaten-Down Stock With a Hidden Gem Business and 4x–9x Upside

This stock is unloved, underfollowed, and loaded with catalysts. The kind of deep value setup where patience pays — and downside is limited.

Back in 2022, I bought shares of a beat-up industrial called Tenneco at $10 and wrote my strong buy thesis on Seeking Alpha. The market hated it — too much debt, tough industry cycle, the shares down 80% since 2018, zero buzz. Less than a month later, Apollo swooped in and bought it for $20. I got lucky, 100% return in 28 days 🤑

Now, I’m not saying this situation will end the same way (though… it might). But the setup feels awfully familiar: a company with misunderstood assets, punished by leverage and cyclicality, now trading at a fraction of its intrinsic value. The difference? This one could be a 4x–9x multi-bagger even without a buyout — and the downside looks limited.

There’s a clear catalyst path. The new CEO is doing exactly what shareholders have wanted for years — selling the junk, focusing on the crown jewel, and slashing corporate bloat. His moves speak louder than words. The market? Still stuck in “show me” mode, burned by the past.

But that’s what makes it interesting. The core business has a dominant position in a niche market with high barriers to entry, and it’s throwing off real cash. Almost no one is paying attention.

Should I keep talking?