Secure Energy Services: Underappreciated Recurring Business Model
Portfolio Pulse from
Secure Energy Services, soon to be Secure Waste Infrastructure Corp., has shifted focus to 80% recurring revenues, enhancing stability and reducing cyclical exposure. The company's valuation is attractive, trading at cyclical multiples despite its defensive business model, presenting an opportunity for investors.
December 11, 2024 | 4:30 pm
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POSITIVE IMPACT
Secure Energy Services is transitioning to Secure Waste Infrastructure Corp., focusing on 80% recurring revenues. This shift enhances stability and reduces cyclical exposure, making its valuation attractive for investors.
The shift to 80% recurring revenues reduces the company's exposure to oil price volatility, enhancing stability. This makes the company's valuation attractive, as it trades at cyclical multiples despite a defensive business model. Investors may find this an appealing opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100