The Palm Valley Capital Fund is distributed by Quasar Distributors, LLC. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 90, or clicking here. Availability of Additional Information: The Palm Valley Capital Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The ability of the Fund to meet its investment objective may be limited to the extent it holds assets in cash (or cash equivalents) or is otherwise uninvested. Opinions expressed are those of the author, are subject to change at any time, are not guaranteed and should not be considered investment advice. The Palm Valley Capital Fund invests in smaller sized companies, which involve additional risks such as limited liquidity and greater volatility than large capitalization companies. Nothing on the web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Shortly after we began establishing our position, the company disclosed strong fourth quarter results, including a more than doubling of its backlog from the prior year.Įditor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.Īdditional disclosure: The Palm Valley Capital Fund is offered only to United States residents, and information on this web site is intended only for such persons. We acquired shares near 6x trailing operating profit and very close to tangible book value. PLP's stock price had fallen with the broader market and over concerns about the impact of raw materials cost inflation. The company owns most of its real estate. While the preforms being conveyed to the packaging unit, the PreMon delivers real-time quality results of your. The system gives you immediate production feedback directly after injection.
#Preform products free#
While operating results are cyclical, free cash flow is consistently positive. The PreMon is the budget-friendly solution for a high-volume inspection of significant preform quality characteristics. International sales account for half of revenue. PLP's performance trends with the capital spending of utilities (~two- thirds of revenue) and communication service providers (~one-third of revenue) around the world. The 75-year-old company has established a strong competitive position by investing in technology and manufacturing its own products. Repair work occurs after emergencies or natural disasters such as hurricanes, tornadoes, and floods. transmission lines are over 25 years old, and many are well past their original life expectancy. The products are often used to revitalize aging infrastructure to reduce lost revenue from events like malfunctioning power lines or fiber optic cables.
PLP makes products that protect, connect, terminate, and secure cables and wires for energy, communications, and cable networks. We acquired Preformed Line Products (PLP) in the first quarter. The following segment was excerpted from this fund letter.
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