Diligent Dollar is back to explain how he finds opportunities in levered companies that scare away most equity investors. Diligent talks through several examples including Platform Specialty Products (now Element Solutions) to highlight scenarios where debt to EBITDA multiples don't tell the whole story. We discuss Diligent's Civeo ($CVEO) thesis (lodging and hospitality for mining) and dive into the company's de-leveraging story, potential to produce a 25%+ FCF yield and why CVEO could do well independent of commodity price movement. Diligent shares his experience trying to acquire a marina, his thoughts on the structural disadvantages of REITs, tailwinds for manufactured housing (Cavco - $CVCO, Skyline - $SKY) despite NIMBY concerns and more. I really enjoyed this conversation and highly recommend subscribing to the Diligent Dollar blog (https://diligent-dollar.com).
Popular Podcasts
1. Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
2. Start Here
A straightforward look at the day's top news in 20 minutes. Powered by ABC News. Hosted by Brad Mielke.
3. Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.