Part 1: Deep dive on Tidewater ($TDW)
Company: Tidewater
Ticker: (TDW)
Website: TDW.com [click here]
IPO date: August 1, 2017 (coming out of bankruptcy)
IPO price: $21.00
Current stock price: $43.40
Outstanding shares: 50.6 million
52 week high: $51.88 on March 07, 2023
52 week low: $17.51 on July 14, 2022
Market cap: $2.2 billion
Enterprise value: $2.2 billion (prior to deal closing with Solstad)
Headquarters: Houston, Texas, United States
Number of employees: 6,300+
Average price target from analysts: $51 but I would not put much faith in this since TDW is not a stock that’s well covered from the analyst community
Next earnings call (Q1 2023): TBA
Investor Relations [click here]
Q4 2022 Press Release [click here]
Q4 2022 Earnings Call Transcript [click here]
Pareto Securities Energy Conference [click here]
Acquisition of 37 vessels from Solstad Offshore [click here]
Presentation related to Solstad acquisition [click here]
Outline
Introduction [part 1]
Company Background [part 1]
Opportunity [part 1]
Fleet [part 1]
Business Model [part 1]
Customers [part 1]
Competitive Advantages [part 2]
Management [part 2]
Culture [part 2]
Financials [part 2]
Risks [part 2]
Ownership [part 2]
Valuation [part 2]
Investment Model [part 2]
Analysts [part 2]
Technicals [part 2]
Conclusion [part 2]
Unless you’re a paid subscriber you won’t be able to read any further; here’s what is behind the paywall:
Part 1 of the writeup on TDW
link to my investment portfolio spreadsheet with holdings, sizes & performance
link to my investment models for all current portfolio holdings
link to my daily Zoom webcasts