Alpha Vulture
Deep value, special situations, long-term horizon, micro-cap

Emeco Holdings: A Bet On Liquidation Value

Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks. Emeco trades on the Australian exchange on the ticker EHL.AX, with $825K AUD daily volume.

Emeco Holdings (OTCPK:EOHDF) is world's largest independent mining equipment rental business. The company is listed on the Australian Securities Exchange and is mainly active in Australia, Canada and Chile. When commodity prices drop and miners reduce their activities, a rental company is the first in line to see utilization rates drop, and that is exactly what happened last year to Emeco. The company saw its average utilization drop from 86...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details