Added to YB: 2023-12-11
Pitch date: 2023-12-09
GTX [bullish]
Garrett Motion Inc.
+114.14%
current return
Author Info
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Company Info
Garrett Motion Inc., together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors in the United States, Europe, Asia, and internationally.
Market Cap
$3.2B
Pitch Price
$7.88
Price Target
10.00 (-41%)
Dividend
1.94%
EV/EBITDA
7.22
P/E
10.47
EV/Sales
1.27
Sector
Automobile Components
Category
turnaround
Pulling Returns Forward With Options
GTX to cut debt, uplift credit rating by '24 end; could boost mkt cap by $1.1B via lower leverage & re-rating to 6x EBITDA. Sell calls to set exit above target price, collect premium (e.g. $0.15/sh for $9 calls, 73d expiry at $7.74). Limit upside only for good premium. Know thesis & timeline.
Read full article (7 min)