NWY Long Idea

The company has 75m in cash and no outstanding borrowings on credit line. On a Market cap of 90m the EV is 15m. With just a 2% EBITDA margin, NWY would do 18m in EBITDA. Specialty retail EBITDA margins are in the high single digits, NWY’s has historically been in the 3.5% range consistently until […]

Surgery Partners (SGRY): Top Pick in Healthcare

Surgery Partners, Inc. is a leading national owner and operator of ambulatory surgery centers (ASCs) in joint ventures with physicians. Founded in 2004, the company began building scale when H.I.G. Capital, a private equity firm, came in as a financial partner. The company owns/operates a portfolio of 98 ASCs, eight urgent care centers, five surgical […]