|Shares Out. (in M):||84||P/E||8.8x||7.0x|
|Market Cap (in $M):||761||P/FCF||NM||9.0x|
|Net Debt (in $M):||546||EBIT||152||174|
Martinrea International (MRE CN) is a Canadian automotive parts manufacturer that has become significantly mispriced as the result of litigation from a rogue ex-shareholder and director of the company. However, a thorough evaluation of the allegations and broader situation reveals an oversold security with attractive upside and imminent catalysts.
On January 31, 2014 Martinrea added Terry Lyons to its board of directors and Corporate Governance and Nominating Committee. Lyons is a prominent Canadian executive with more than 30 years of operational, financial and governance experience. This is the first catalyst for Martinea to realize value accretion, and will likely continue as the litigation is resolved and the company returns to normalized trading levels.
See full write-up here: https://www.dropbox.com/s/d7bbv4frudz820c/MRE%20Write-Up.pdf