Added to YB: 2026-08-20
Pitch date: 2026-06-05
CDNL [bearish]
Cardinal Infrastructure Group Inc.
+29.72%
current return
Author Info
No bio for this author
Company Info
Cardinal Infrastructure Group Inc., a civil contracting company, provides site development and infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the southeastern United States.
Market Cap
$922.1M
Pitch Price
$61.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.62
P/E
-247.76
EV/Sales
1.75
Sector
Construction and Engineering
Category
value
Cardinal Infrastructure Group Inc. - $CDNL (short)
CDNL (short): Pre-construction site prep co (residential wet utilities) trades 22x '26 EBITDA/34 P/E vs peers 8-12x, on data center hype from lone $24m job (not yet billing). June 10 IPO unlock expands float. Up-C structure enables insider cash leakage; C-suite already cashed out $157.5m at IPO. GAAP obscured: public holders get only 29.7% of OpCo. Aggressive % completion rev rec, conflicts, prisoner's dilemma with insiders. 1.2m shs short, 2.44 days SI.
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