Special Situations Ideas Forum: Robert Robotti


 

Subsea 7 is an offshore construction company for the oil and gas industry. The company provides deepwater plumbing services like installing subsea equipment and laying offshore pipelines. Subsea 7 appears cheap at EV/Adjusted EBITDA of ~2x. Subsea 7 Chairman Kristian Siem, owns 21% of the stock, has proven to be a good capital allocator.  The ADR trades under the symbol SUBCY. Please see our speaker’s article in Barron’s

2017-06-01T12:50:26+00:00 June 7th, 2016|Categories: VIDEOS|