Ross Klein of Changebridge Capital presented ideas at a recent webinar with Hedge Fund Alpha. Changebridge Capital manages two active exchange-traded funds. The firm uses a quant, fundamental and sustainable process to select high-conviction names.
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One of the two ideas Klein presented was Civeo, which has a $330 million market cap and $650 million enterprise value. The company provides remote site accommodations for the natural resource industry.
Background on Civeo
Most of Civeo's business is in Canada and Australia, where it provides remote living accommodations for employees of steel, oil, gas and LNG companies. Steel customers represent 58% of Civeo's gross profit, while oil...
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