DMC Global: What To Make Of This Special Situation

Oct. 07, 2024 5:19 PM ETDMC Global Inc. (BOOM) Stock
Thomas Niel profile picture
Thomas Niel
547 Followers
(16min)

Summary

  • In recent months, DMC Global has been on the radar of special situation investors.
  • This is due to the industrial products company's decision to pursue strategic alternatives, as well as due to a recently reiterated takeover bid for the company from Steel Connect.
  • However, upside isn't limited to just the $16.50 per share STCN is offering for the whole company.
  • Given DMC Global's underlying value, and the potential for further activist activity, an eventual move to prices north of $20 per share is within reach.

Workers overhauling high-rise glass

Wengen Ling/E+ via Getty Images

In recent months, DMC Global (NASDAQ:BOOM) has been on the radar of special situation investors. Although BOOM stock itself has moved lower during this time frame, there are several developments that suggest a further

This article was written by

Thomas Niel profile picture
547 Followers
I am a value investor focused on "Sideline Activism": Finding activist situations in companies that are both undervalued to peers and are in industries seeing high levels of consolidation.

Analyst’s 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.

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