Professional
Added to YB: 2025-08-01
Pitch date: 2025-06-30
FTRE [bullish]
Fortrea Holdings Inc.
+61.32%
current return
Author Info
No bio for this author
Company Info
Fortrea Holdings Inc., a contract research organization, provides biopharmaceutical product and medical device development solutions to pharmaceutical, biotechnology, and medical device customers worldwide.
Market Cap
$711.9M
Pitch Price
$4.86
Price Target
N/A
Dividend
N/A
Sector
Life Sciences Tools and Services
Category
turnaround
Curreen Capital New Portfolio Holding: Fortrea Holdings Inc.
FTRE (new position): Contract research org (CRO) for clinical trials; trades cheap post-LabCorp spinoff amid biotech funding slump & stand-up costs. Backlog growing, separation nearly complete. LT strong - capital-light model w/ barriers to entry (expertise, doctor relationships) in growing market. Bought at $5.85 (4.5% of fund).
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