Added to YB: 2024-10-30
Pitch date: 2024-10-30
GLT [bullish]
Glatfelter Corporation
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
As of November 4, 2024, Glatfelter Corporation was acquired by Health, Hygiene and Specialties Global Nonwovens and Films Business of Berry Global Group, Inc.
Market Cap
$73.7M
Pitch Price
N/A
Price Target
2.50
Dividend
N/A
EV/EBITDA
11.41
P/E
-1.04
EV/Sales
0.73
Sector
Paper and Forest Products
Category
special_situation
Quick Pitch #18
GLT: Buy pre-spin to create Magnera (nonwoven specialty leader, $3.6B sales) at 5.8x EBITDA/~22% LFCF yield. BERY spins HH&S into GLT via Reverse Morris Trust; $455M PF EBITDA, 4x net debt. Trades Nov 5. At 6.5-8x = $2.50-$4 (40-120% upside); PE takeout ~$6-7 in 2yrs. Illiquid (~$400k ADTV). LONG.
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