AJ Secrist from Firstlight Management on Lamb Weston $LW
Yet Another Value Podcast
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The European JB's Leverage Target
I think after buying the European JB, they'll be around three X probably by the time it closes just given the cash flow dynamics here. It does sound like they want to do more M&A. Europe would be a nice area of focus for them. But given the stability, they're at three times EBITDA and that's without any of the margin benefit that you and I've talked about. And why not get more aggressive on capital returns in some form here? Yeah, I agree. So yeah, I would be fully on board with them levering up buying back more stock.
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