TSX:TVK - Post Discussion
Post by
retiredcf on Apr 04, 2024 7:11am
Stockchase Insights
BUY ON WEAKNESS
TerraVest Capital Inc(TVK-T)
03/04/2024
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
The strength is a bit surprising considering financial terms were not disclosed on the acquisition. TVK is trading at 10.4x EV/EBITDA, the higher end of multiple averages in the last few years ranging from 6.3x to 10.4x, that said, fundamentally, it is not too expensive given the track record of capital allocation, and we are okay to buy some here (perhaps a quarter position) and average into the position over time. We would add more aggressively to the position if it drops below $60. Momentum is very strong but it is not likely to be a straight up move and some consolidation is to be expected.
Investment Companies / Funds
$68.490
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