Sep. 18 at 2:48 PM
$MG end of the line here for my Mistras… nice return over the past 2 years from the high single digits….
$TISI is the other pure play comp, and the forward 2027 multiples on the Mistras deal would equate to a
$45-
$50 share price for
$TISI . Stellex thinks the value is there, having recently purchased a 30%+ stake at a 100% premium at the time, at
$35.50. Even with its latest run,
$TISI is still cheap by many measures.
