Monday, March 13, 2017

Tecnoglass: The Undiscovered Colombian Gem Offering A 94% Upside Potential


4Q16 results better than expected. Revenues and EBITDA both grew 26%, positive net income, lower financing cost and backlog increased 6%.
Two accretive acquisitions in line with its vertical integration strategy.
I recommend buying TGLS with a target price of $21.00 offering a 94% upside from the current price of $10.86.

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