Trade alert: New position added to the portfolio

A turnaround play trading at a steep discount, with the full deep dive (paid-only) dropping next Wednesday

Fellow Sharks,

I just added a new position to the portfolio.

This company is a quiet operator in one of the most unglamorous industries you can imagine, but its turnaround is hard to ignore. After three years of red ink, it’s back to profitability with an operating cash flow that just hit a record high. For the first time in over a decade, it now has more cash than debt on the balance sheet.

The market still doesn’t seem convinced. The stock trades under 10x EBITDA, a steep discount to peers. Despite sitting on a record backlog that stretches years ahead.

I’ll reveal the name after the paywall. The full deep dive (available to paid subscribers) drops next Wednesday.