Alta Equipment Group: More Than 100% Upside As Cash Piles Up In Coming Quarters [Seeking Alpha]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Seeking Alpha
Follow Summary Alta Equipment Group is another example of a company where my view appears to be quite different from the market's view. Mr. Market can focus on interest rates, but I see infrastructure spending as the more relevant driver of future earnings. I see well more than 100% upside from the quarter-ending share price, as we should all see the cash pile up in the coming quarters. Michael H/DigitalVision via Getty Images The following segment was excerpted from this fund letter. Alta Equipment Group ( NYSE: ALTG ) is another example of a company where my view appears to be quite different from the market's view. I wrote about the company more extensively in the Q1 2024 letter , saying that: "An investment thesis should fit into a paragraph, or in this case a sentence… This business is (1) less cyclical than it appears, (2) generates more cash than it appears, with (3) less debt than it appears, with (4) a significant hidden growing annuity type asset, and (5) ru
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ALTG
News
- Unpacking Q2 Earnings: Alta (NYSE:ALTG) In The Context Of Other Specialty Equipment Distributors Stocks [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Elects Colin Wilson as Director [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Elects Colin Wilson as DirectorGlobeNewswire
- Why Alta Equipment Group Is Reeling [Seeking Alpha]Seeking Alpha
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at DA Davidson from $20.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
ALTG
Earnings
- 8/7/24 - Beat
ALTG
Sec Filings
- 9/9/24 - Form 3
- 9/4/24 - Form 3
- 9/4/24 - Form SC
- ALTG's page on the SEC website