Vertex Energy $vtnr has a modest history as a refiner of UMO (used motor oil) with EBITDA around $10-15m per year, a relatively clean balance sheet and 60 million shares out. When the stock was meandering around $1-2, its EV/EBITDA was around 10x, about right. The company has had a great relationship with a maritime fuel trader/reseller Bunker One whe…
© 2024 Fein Luxe LLC
Substack is the home for great culture