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

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul type="disc"><li>
Verso Corp. (VRS) reported first quarter results highlighting the industry demand, which is running at over 100 percent to keep pace with and potential benefits from price increases not expected until the second quarter. The reopening of the economy has led to a rebound in demand for coated paper ahead of the usual seasonal timeframes of the year.</li></ul> <ul type="disc"><li>The mill closures of last year setup a scenario where there is not enough supply to meet demand aspirated by global shipping challenges making imports costly. The first quarter is a good gauge for the direction of demand for the rest of the year.</li></ul> <ul type="disc"><li>The series of price increased announced year to date are expected to materially benefit VRS’s financial results starting in the second quarter.</li></ul> <ul type="disc"><li>The market acceptance of the announced price increases puts VRS on path for materially higher adjusted EBITDA this year. We are raising our adjusted EBITDA estimate to $164.5 million and in doing so our price target is now $30 from $25.50.</li></ul>


Verso Corp. (VRS) reported first quarter results highlighting the industry demand, which is running at over 100 percent to keep pace with and potential benefits from price increases not expected until the second quarter. The reopening of the economy has led to a rebound in demand for coated paper ahead of the usual seasonal timeframes of the year. The mill closures of last year setup a scenario where there is not enough supply to meet demand aspirated by global shipping challenges making imports costly. The first quarter is a good gauge for the direction of demand for the rest of the year. The series of price increased announced year to date are expected to materially benefit VRS’s financial results starting in the second quarter. The market acceptance of the announced price increases puts VRS on path for materially higher adjusted EBITDA this year. We are raising our adjusted EBITDA estimate to $164.5 million and in doing so our price target is now $30 from $25.50.

Verso Corp

VRS: Producer Cycle Has Begun