HMH Holding: A Rare Public Offering In This Market

The Value InvestorInvesting Group LeaderFollow5ShareSavePlay(6min)CommentsSummaryHMH Holding trades at a compelling 10-11x earnings, following a lackluster IPO and modest leverage.HMH's dominant drilling equipment business is poised to benefit from years of industry underinvestment and potential capital expenditure increases.I remain upbeat on headline valuation but lack conviction due to limited disclosure and absent quarterly trends, warranting close monitoring post-IPO.Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. Learn More » Getty Images Shares of HMH Holding (HMH) have seen a soft public offering. That is surprising. As a supplier to the oil & gas industry, that was just about the only reason why its IPO has been able to go forward in current market conditions.This article was written byThe Value Investor27.74K FollowersFollowThe Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.