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PKE- Park Aerospace


whistlerbumps

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Anyone looked at Park Aerospace (PKE)?  Got hurt by COVID but now should benefit from the recovery of A320 production.  EBITDA is expected to grow 80% this year and they used to have forecasts that could have it almost 4x from current levels in a few years.  Nice programs with high ROIC so should probably get a good multiple on that cash flow if the growth comes as expected.  Also has an M&A angle with over $100mln of net cash.  Could be accretive if they find the right asset.  Owner operator owns almost 5% and his siblings own another 5% and have been shareholder friendly in the past.  Curious if anyone here has ever looked at it.

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