|Shares Out. (in M):||22||P/E||NA||NA|
|Market Cap (in M):||308||P/FCF||NA||NA|
|Net Debt (in M):||1,082||EBIT||0||0|
Asset sales, segment monitization, hiring of bankers to sell company, potential listing if the company isn't acquired first.
|Subject||Re: CapEx and Excess FCF|
|Entry||10/12/2015 12:31 PM|
Thanks for the post! I am happy to answer your questions on the name; however please refer to the disclosure as it provides answers to your questions and much much more.
What is the Company's CapEx (including capitalized software) $ relative to its $78m of D&A?
The 2016 forecast capex is $27mn per the Disclosure Statement, Exhibit E, p16. It is low relative to total D&A ($78mn) only due to the amortization of the IP’s tax basis.
Management has changed over the last two years. Now equitized second lien holders control the board, although interest is high, I believe this incentivizes equity to monetize the subsidiary businesses more quickly.
All of CRH’s segments are in growth businesses.
There are plenty of articles available on Google regarding Kroll Ontrack’s expansion. The Radicati Group forecasted the eDiscovery space by to grow to $3.8 billion in 2018 from $1.6 billion in 2014, a ramp in EBITDA is warranted. This is after Gartner’s estimates of the sector growing 10.4% in 2014.
Kroll competes in the cyber security space and monitoring, which is growing due to concerns with internet security.
HireRight grows with the recovery in employment, which is improving both domestically and internationally.
|Subject||Re: novice questions|
|Entry||10/12/2015 12:32 PM|
Yes, you can buy them from the special sit / distressed desks, Baird and Stifel are the most active.