- The last year has been messy for Garrett.
- The company filed for bankruptcy in order to extricate themselves from some legacy Honeywell liabilities.
- Now, the company has emerged with a convoluted cap structure and almost no analyst coverage.
- But Chris McIntyre sees value in the company post emergence. He thinks the company's projections are significantly understated.
- During the next year, the company should smash estimates, analysts will pick up coverage, and the capital structure will start to clean up. The combination should reveal a significantly-undervalued stock.
For further details see:
Garrett Motion: Recently Emerged From Bankruptcy, Stock Could Hit Turbo Mode