ATCXW WTS ATLAS TECHNICAL CONSULTANTS (ATCXW)

[EquityMonster83]

?$ATCX good news after hours. Acquiring company Alta Vista. https://finance.yahoo.com/news/atlas-technical-consultants-announces-agreement-201500349.html?

[EquityMonster83]

I’m really liking what I see so far. EBIDTA estimated $66 million this year. EBIDTA $53 million in 2019. Crushed earnings reported in May even with covid. $607 million backlog was $435 million in 2016. All points to likely strong growth in the future. I might buy and hold some more of the warrants. I think this is just overlooked. ATCX

[EquityMonster83]

Warrants expire March 2025, correct?

[EquityMonster83]

I really think ATCX might be a very good buy a hold. They should continue to beat earnings. $600 million backlog right now. I’m long the warrants right now.

[EquityMonster83]

When do the warrants expire? Sometime in 2024? I agree with your valuation. This is really a recession proof business too. ATCX.

[EquityMonster83]

Lots and lots of institutional buying after ATCX quarterly report on May 11. Looks at all of those buys after the report was released. And the warrants price is down to the price now(around 50cents) where all of the institutions were buying in May. https://fintel.io/so/us/atcxw

[EquityMonster83]

Fire sale on ATCXW warrants today. Grabbed 1000 warrants for $495 bucks. Should be back to 60 to 70 cents in no time. Engineering consulting is largely recession proof.

[weedtrader420]

ATCXW$ $2 TARGET PRICE

[weedtrader420]

ATCXW$ $2 TARGET PRICE

[WolfmanTX24]

Correction: "backed by Blackrock" - was thinking about $VVNT on this point... another good one!

[WolfmanTX24]

MY ATCX 12 month PT - $20+

The company is projecting low end $74M in Ebitda in 2020.

Compare EV/Ebitda against the S&P - and this is a company backed by Blackrock, and with a history of successful acquisitions...

ATCXW details:
5 year warrants
11.50 strike price

You do the math.

Flying under the radar right now.

I think the warrants are going to SOAR.

My opinion only, do your own DD.
I am long ATCXW.

Would love to hear other perspectives!

[weedtrader420]

ATCXW$$$$ $1.75 TARGET price