rickfromarizona

Thank you for correcting me

Maybe I’m missing something. I show Ecovyst Ecoservices as a 200M EBIDTA. DRVN brands EBIDTA around 450M.

My two ideas for 2026 Both these companies share 2 things in common. 1) Reducing complexity 2) Reducing leverage Ecovyst(ECVT) A mission critical service provider in the refiner sector trading at a P/E of 5x. EBIDTA margins ~40% in a rational oligopoly industry. They just divested a separate business unit and leverage now sits at 1.5x EBIDTA I’m expecting significant share repurchases in 2026. Driven Brands(DRVN) Trading at 5x P/E for a business with EBIDTA margins sit at ~35%. Recently divested the car wash segment and is now a pure play oil change and auto glass replacement that is growing. Leverage now sits around x3.2. The have a target debt multiple of x3. Once they hit that in Q2 I expect share repurchase at rock bottom prices.

I have been interested in a Canadian based asset manager called Mount Logan Cap, who also just purchased an insurance company to increase AUM. I know scale is very important in this space(the market cap is only 70M), but they come with very impressive leadership. I'd love to know if anyone else was looking at this name.