Miller Deep Value
Our archive holds 4 letters from Miller Deep Value, behind 4 investment theses. Every quote below is copied verbatim from the letter it came from.
Theses · 4
- December 2025
Nabors Industries is deleveraging rapidly with improving balance sheet strength, potential sub-3x forward EV/EBITDA, and very high free cash flow yield, positioning it for upside as rig demand and drilling solutions scale.
Read the full thesis - June 2025
JELD-WEN is undergoing a multi-year transformation plan that has already reduced fixed costs significantly and presents strong long-term upside potential, despite short-term risks in the housing market.
Read the full thesis - June 2025
Nabors is significantly undervalued, trading below one times forward cash flow, with strong potential for value creation through merger synergies and debt reduction.
Read the full thesis - March 2025
JELD-WEN is a leading manufacturer of doors and windows facing short-term challenges but has significant long-term upside potential through automation and cost-cutting measures, supported by favorable market dynamics and real estate ownership.
Read the full thesis
Letter archive · 4
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