2024-01-25 10:37:26 ET
Summary
- High interest rates pose challenges for companies with significant debt, but some debt-laden companies also look poised to turnaround.
- KLX Energy Services Holdings is a small-cap company with a large debt burden, but it has been able to generate profits and free cash flows.
- Despite its debt, KLX Energy has shown resilience and has the potential to bring down its net debt in 2024 as drilling activity stabilizes in the US.
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For further details see:
Debt-Heavy But Driving Profits: KLX Energy's Contrarian Appeal