Government Services Oligopoly at 3x 2024 EBITDA, 5x FCF
This was epic. Thank you so much.
Great writeup, excellent call.
I own shares of ARE.TO. I'm curious if your view on the legacy project charges of late changes the thesis or just pushes it out a bit? Thx.
just general execution, these projects are highly complex. I'd also be frustrated if mgmt doesn't begin to buy back stock once their ongoing claims for cost reimbursements have been settled.
Should ramp once the 3 ongoing negotiations are settled for shared cost provisions. Gordie Howe was settled in Q4/23.
This was epic. Thank you so much.
Great writeup, excellent call.
I own shares of ARE.TO. I'm curious if your view on the legacy project charges of late changes the thesis or just pushes it out a bit? Thx.
just general execution, these projects are highly complex. I'd also be frustrated if mgmt doesn't begin to buy back stock once their ongoing claims for cost reimbursements have been settled.
Should ramp once the 3 ongoing negotiations are settled for shared cost provisions. Gordie Howe was settled in Q4/23.