Newalta
NVA
position
long
Guy Gottfried
Thesis
Newalta is trading at a low valuation of 3x to 4x free cash flow and has a near duopoly in its core business of outsourced oilfield waste management, making it an attractive investment opportunity.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the investment thesis has played out. The valuation metrics and market position mentioned could still hold true, but without further information, we cannot determine the outcome of the investment.
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