ATTO - Atento Deserves Your Attention

Atento is Cheap with Catalysts

Atento S.A. (NYSE:ATTO) is significantly undervalued and has multiple catalysts which may kickstart strong returns for years to come. The most significant near term catalyst is the resolution of the Bain PIK agreement. In addition, the company may renew its share buyback in January and the recent transformation plan introduced by new management should support margins and free cash flow going forward demonstrated by Q4 results to be reported in March.

The company currently trades at ~4.2x 2019E EV/EBITDA. Each multiple point adds $2.60 to the recent share