-The downturn in the energy sector has shot CDI Corporation’s stock price to basement level valuations.
-Currently the company is selling for a slight discount under its NCAV.
-If and when the energy sector recover, CDI Corporation has real potential of reverting back to its mean.
-An aggressive share repurchase program will help offset downside.
-Finally, a significant amount of NOLs will provide a kicker to the bottom line, when the energy sector starts to recover.
Full analysis can be read at:http://seekingalpha.com/article/3960459-cdi-corporation-slight-discount-ncav-makes-compelling-long-case