Tredegar Corporation (TG): A Bull Case Theory [Yahoo! Finance]
Tredegar Corporation (TG)
US:NYSE Investor Relations:
tredegar.com/investors
Company Research
Source: Yahoo! Finance
A close-up of an advanced machine cutting aluminum extrusions with precision. Tredegar Corporation (TG) is a small-cap industrial company with a current market capitalization of $275 million, trading at $7.99 per share. Tredegar (TG) received positive news with Brazilian regulators approving the sale of its Terphane business to Oben Group, set to close on November 1. This sale is expected to generate $85 million, which TG plans to use to reduce its debt. Currently, TG has a market cap of $275 million and trades at $7.99 per share. After the sale, the company will operate two profitable divisions: Aluminum extrusion and PE films, both of which are EBITDA positive. Despite recent challenges, including a $3.10 per share loss in 2023 due to excess inventory across all three businesses, TG's outlook is improving. After renegotiating bank covenants and addressing credit debt that peaked at 3.9x EBITDA, the company eliminated its dividend, causing its share price to hit a 52-week low of
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TG
News
- Tredegar Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Tredegar Reports Third Quarter 2024 ResultsBusiness Wire
- Tredegar Completes Sale of Terphane to Oben GroupBusiness Wire
- Tredegar Surface Protection Launches New Packaging Film “Optennia”Business Wire
- Competition Authority in Brazil Approves the Sale of Tredegar’s Terphane Business Unit to Oben Group; Transaction Expected to Close on November 1Business Wire
TG
Sec Filings
- 11/20/24 - Form 4
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- TG's page on the SEC website