GTX News and Press, Garrett Motion Inc From 02/10/21

We are a private investment company focused on long-term investments and aquisitions in the natural resources and infrastructure sectors. Through YE 2020, McIntyre Partnerships returned ~22% gross and 20% net. This compares to S&P 500, S&P 600, and Russell 2000 returns includi...

Admiral takes a long-term approach to investments and relationships. The firm is built around disciplined investing, capital preservation and forming partnerships focused on transparency, trust and alignment of interest. Our Partnership returned 27.8% net in the quarter ended December...

I'm sharing the year-end letter I wrote to family members and friends whose accounts I manage. In the second part of two, I break down our portfolio holdings to explain why they're in our portfolio. We have 24 US equity positions, 4 European equity positions, and a few short-term ...

This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio outperformed its benchmark in Q4 2020 and is now outperforming the S&P 500's performance since late-2015. The portfolio was overweight Financials and Industrials headi...

The courts have approved KPS’s offer as a stalking horse which sets off an auction for the company. Honeywell may take a haircut on their obligation and has been acquiring the stock in the open market. The common stock may be worth more than $6 per share implying a ~50% ret...

Honeywell (HON) has reduced the carrying value of its receivables from Garrett Motion (GTX) by $350M following the latter's bankruptcy filing.The adjustment constitutes a non-cash charge to its Q3 earnings, but does not impact Honeywell's reported segment profit or cash flows from operations....

Judge Michael Wiles of the U.S. Bankruptcy Court in New York has allowed Garrett Motion (GTX) to designate a sale to KPS Capital Partners as the company's best offer to date, and approved $84M in breakup fees and expenses for the proposed deal.The private equity firm initially offered $2.1B f...

Defining what should go well about a business comes down to making a comprehensive list of what makes this company great and how it can continue to grow in the coming years. When I look at my past mistakes, many of them could be explained by unpredictable events and part of it is plai...

KPS agrees to increase stalking horse bid by $500 million to $2.6 billion and offer co-investment opportunity in new public parent company to Garrett stockholders Garrett also received preliminary proposal that the Company sell its business to certain stockholders in lieu of...

This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio outperformed its benchmark in Q3 2020, but it is still lagging the S&P 500's performance since late 2015. The portfolio was overweight Financials and Industrials headi...