Feb. 6 at 1:22 AM
$BTC.X UFI back on our radar.
We already published a Deep Value Report on UFI. FY2025 Q4 didn’t “prove a turnaround” — it showed constraint removal: problem asset sold, debt down, footprint leaner, break-even lower. Management is now talking strategic options, and that matters only when the balance sheet stops being the excuse.
cundilldeepvalue.substack.com/p/ufi-strategic-avenues-isnt-vague
This update lays out what changed, the ~
$20M annual savings they flagged, and why the tape still prices UFI like none of it will stick.
$ALB $MP