BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

ECVT: Rearranging the Year, Not Cash Flow

ECVT: Another Pushout in Story, PT to $12

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>ECVT continues to encounter macro headwinds in its business after seeing softness in certain end markets in the middle of 2023. </li>
<li>We believe the trough in the business is underscoring the attractive nature of ECVT’s operations. The Company continues to generate free cash flow</li>
<li>Looking ahead, the free cash flow generation in 2024 provides greater balance sheet flexibility in reducing leverage and/or buying back more stock</li>
</ul>


ECVT continues to encounter macro headwinds in its business after seeing softness in certain end markets in the middle of 2023. 
We believe the trough in the business is underscoring the attractive nature of ECVT’s operations. The Company continues to generate free cash flow
Looking ahead, the free cash flow generation in 2024 provides greater balance sheet flexibility in reducing leverage and/or buying back more stock


Ecovyst

ECVT: Cash Regeneration