AVD - Cove Street Capital - American Vanguard: A Unique Confluence Of Highly Favorable Factors

2024-02-04 06:40:00 ET

Summary

• We initiated a position in American Vanguard, a manufacturer, developer, and marketer of crop and plant protection chemicals.
• We have bought and sold AVD at various points throughout the last decade, but this iteration presents a unique confluence of factors.
• We see meaningful upside should this business return to its historically steady EBITDA margins and EV/EBITDA multiples.

The following segment was excerpted from this fund letter.

American Vanguard ( AVD )

We initiated a position in American Vanguard, a manufacturer, developer, and marketer of crop and plant protection chemicals....

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