BlueLinx Holdings: Huge Upside As Merger Benefits Become Clear [Seeking Alpha]
Bluelinx Holdings Inc. (BXC)
Last bluelinx holdings inc. earnings: 3/10 05:16 pm
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US:NYSE Investor Relations:
bluelinxco.com/investors/investor-relations
Company Research
Source: Seeking Alpha
Summary Summary BlueLinx Holdings Inc. (NYSE: BXC ) (BlueLinx, BXC, or the Company) provides an extraordinary opportunity for investors who are willing to do a bit of digging. The Company has just completed a transformational merger (with Cedar Creek), which materially increases its earnings power and drastically improves its competitive position. Today, you are buying the business at a 20%+ fully-taxed forward cash yield to equity. Although the business looks highly levered at first pass, leverage should drop quickly through a combination of debt paydown from operating cash flows, sale of redundant facilities, and potential sale-leaseback transactions. Current run-rate financials are not representative of what this business will look like in 12-18 months, so the business screens poorly. This, in combination with no sell-side coverage, means that investors must by necessity do the work themselves to fully understand the opportunity. This set of circumstances has left BXC sh
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BXC
News
- BlueLinx to Host First Quarter 2024 Results Conference Call and Webcast on May 1, 2024Business Wire
- Recent 9.9% pullback isn't enough to hurt long-term BlueLinx Holdings (NYSE:BXC) shareholders, they're still up 375% over 5 years [Yahoo! Finance]Yahoo! Finance
- BlueLinx Announces Executive Leadership Changes [Yahoo! Finance]Yahoo! Finance
- BlueLinx Announces Executive Leadership ChangesBusiness Wire
- BlueLinx From Tailwind To Headwind [Seeking Alpha]Seeking Alpha
BXC
Earnings
- 10/31/23 - Beat
BXC
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEF
- 4/4/24 - Form 3
- BXC's page on the SEC website