Added to YB: 2024-10-11
Pitch date: 2024-10-10
VLN.TO [bullish]
Velan Inc.
+67.39%
current return
Author Info
No bio for this author
Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Securaseal metal-seated ball valves; Coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; Torqseal triple-offset butterfly valves; and other products.
Market Cap
CAD 220.3M
Pitch Price
CAD 8.66
Price Target
N/A
Dividend
0.78%
Sector
Machinery
Category
special_situation
Velan Inc. Sees New Momentum After French Regulators Halt Flowserve Deal
VLN.TO: Flowserve's 150% premium acquisition blocked by French regulators. New CEO, insider buying, and improved nuclear outlook (largest end market) signal potential turnaround after stock was left for dead.
Read full article (1 min)