- With anticipated $2 billion sales and 10%-plus EBITDA margins, GFF can generate more than $200 million adjusted EBITDA. If GFF trades at peers' 9x EV/EBITDA, GFF has 40% upside potential.
- Strong businesses: AMES is a valuable brand; Clopay Plastic Products group has favorable prospects; Telephonics group should bound back from its trough soon.
- With self-help initiatives, such as the restructuring program, GFF has already been capable of delivering healthy growth in EBITDA in 2014.
- Insiders and well-known investment funds own significant shares in GFF.