- Limbach Holdings is a catalyst-rich opportunity to own a leading specialty contractor selling at an extremely low valuation (3x EBITDA).
- After suffering from a tight labor market in 2018/2019, the company is showing meaningful operating improvement this year driven by the implementation of several operational changes.
- The company has generated $35m of TTM FCF (>$4 per share). With a fixed balance sheet, the company will start to execute on its highly accretive acquisition pipeline.
- In the coming months/years, there are 5 key catalysts that should lead to a meaningful re-rating of the stock.
- Given the low valuation, clean balance sheet and opportunity to generate a 2-3x return over 3-6 months and 5-10x return over 3-5 years, LMB presents an incredible opportunity for investors in terms of risk vs reward.
For further details see:
Limbach Holdings: The Party Is Just Getting Started