TRRVF - TerraVest: Heads We Win Tails We Do Not Lose
Investment Thesis
TerraVest (TRRVF) is an acquisitive North American industrial holding that has delivered a Total Shareholder Return of 24% per annum over the last four years, as compared to 8.5% for S&P 500. The company is likely to continue finding attractive growth opportunities and delivering above-average TSR. The current market valuation completely ignores this future growth.
TerraVest is primarily engaged in residential Fuel Containment and Oil and Gas Processing Equipment sectors. The company manufactures heating oil and propane storage and distribution tanks as well as wellhead processing equipment. These markets are mature,