Power Solutions Is A Rocket Ship, But How High Is Too High? - PSIX
alluvial.substack.com
Last November I wrote about Power Solutions International, a high growth natural gas engine company trading at a very reasonable price. Since then, shares have rocketed 150%. Growth has been strong since I wrote, but multiple expansion is responsible for most of the gain. In November, PSI traded at 11.6x trailing operating income. Now the company trades at a much loftier 27.4x trailing operating income.
Power Solutions Is A Rocket Ship, But How High Is Too High? - PSIX
Power Solutions Is A Rocket Ship, But How…
Power Solutions Is A Rocket Ship, But How High Is Too High? - PSIX
Last November I wrote about Power Solutions International, a high growth natural gas engine company trading at a very reasonable price. Since then, shares have rocketed 150%. Growth has been strong since I wrote, but multiple expansion is responsible for most of the gain. In November, PSI traded at 11.6x trailing operating income. Now the company trades at a much loftier 27.4x trailing operating income.