$DNOW: the boring distributor that could double on 2029 numbers | Firebird Management
· yetanothervalueblog.com
Steve Gorelik of Firebird on DNOW ($DNOW): 1,800 US rigs at the spin, under 600 now, the MRC Global merger, and a 2029 case of $30 to $32 a share.
DNOW spun out of National Oilwell Varco at $35 in late 2014. A year later it was $13. Today it is around $16. Steve Gorelik's argument is that ten years of that...