ABM Industries: A Clean Place

Sep. 13, 2022 6:37 AM ETABM Industries Incorporated (ABM)

Summary

  • ABM Industries has been seeing solid improvements in 2022.
  • Inflation, M&A and new business lines all drive operating momentum.
  • Valuation multiples are gradually coming down, as valuations look interesting enough to start to see appeal.
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An employee pulls a trolley for cleaning offices. Woman cleaner is engaged in work.

Andrii Lysenko

ABM Industries (NYSE:NYSE:ABM) is a new name for me to pick up coverage upon, as the company recently made some M&A actions, all while the business has seen solid operating momentum, which results in a favorable combination of lower valuation

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This article was written by

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Finding value that gets unlocked in M&A, IPOs and other corporate events
The writer is a long term value investor and M.Sc graduate in Financial Markets with over 10 years experience. Value can be found in both long and short ideas and uses options to enhance the risk-return profile of investment ideas. Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Would be looking to buy on dips around the $40 mark.

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