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Stock impact report

Contran Corp: Undervalued Assets Awaiting A Catalyst [Seeking Alpha]

Valhi, Inc. (VHI) 
US:NYSE Investor Relations: valhi.net/investor-relations
Company Research Source: Seeking Alpha
|IndustrialContran Corp: Undervalued Assets Awaiting A CatalystApr. 26, 2020 6:39 PM ETAbout:CompX International Inc. (CIX)Includes:CCEMLKRONLSTRTTROXVHIVNTRby: Kingdom CapitalLong/short equity, Deep Value, special situationsSummaryThe late Harold Simmons left behind a manufacturing conglomerate of businesses, which trade at very attractive valuations.Due to Contran majority ownership, investors waiting around have been burned for years waiting for a catalyst.I've taken a dive into each business to see if there's any value here.BackgroundThe Contran Corporation includes four publicly traded companies managed by the Harold Simmons estate, including Valhi (High level descriptions of the businesses:Valuation: CompXCompX trades at about $190 million market cap, and at the same level the did prior to the COVID crash. Given their ~$20 million public float very little trades hands from day to day. With their $63 million cash position at the end of FY19, CompX has an EV of about $125 million Show less Read more
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