John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

UniTek Global Services Is Attractive After Surviving A Near-Death Experience

Key takeaways

  • UniTek Global Services (NASDAQ:UNTK) trades at a discount to its peer group as well as a recent deal multiple due to recent significant challenges that have since been resolved.
  • Moreover, the improving financials are being masked by numerous non-recurring expenses and charges.
  • However, the slow re-pricing of the stock provides an opportunity for patient, value oriented investors willing to wait for multiple catalysts to play out over the intermediate term.

Company overview

UNTK is a full-service provider of outsourced infrastructure services to the wireless, satellite TV and cable industries in the U.S. and Canada. UNTK operates in two segments:

The fulfillment segment provides installation and fulfillment services to customers in the satellite TV and cable industries....

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