Safe $ACM Short

2023年3月27日

ACM is the most poorly positioned commercial construction company on the market on a financial and technical basis currently. We take advantage of a slow down in commercial building with commercial banking stress. ACM is only off 10% from highs currently only 6 weeks ago. ACM Book value is 4.52, 20% higher than its industry average. Profit margin is 7.81% for industry at 20.61%. 5 year declining revenue growth at -6% annum. Long term debt to equity is 110% to industry average of 80.5%.

I think this could easily drop 50% into a recession. I have profit take at 33% support with stop loss just over highs at 14% for a RR of 2.39.

I have a short position in ACM currently.

2023年3月28日

ノート

EDIT: "ACM Book value is 4.52" should read: ACM Price/Book value is 4.52