Seneca Park Research
Long/short equity, deep value, special situations, hedge fund manager

UrtheCast Corp.: A High-Growth, Quality Business Trading At 2X 2017 EBITDA

(Editor's note: UrtheCast trades on the Toronto Stock exchange under ticker symbol UR.TO, with $400K CAD average daily volume).

UrtheCast Corp. (OTCPK:LFDEF)(TSX: UR, "UrtheCast") is a classic "baby thrown out with the bathwater" situation. Despite being a fast-growing industrial technology business in a high-margin industry - and a prime beneficiary of a weakening Canadian dollar - UrtheCast shares have become correlated to the price of oil and sold off meaningfully over the past 6-9 months. Shares in this high-growth, quality company now trade at a substantial discount to replacement cost and at 2x 2017 EV/EBITDA. The Baby and the Bathwater In today's investment climate, there are certain characteristics that make for an ideal "orphaned stock." The company ...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
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