Pontem Corporation (PNTM) Social Stream

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$PNTM interesting that while Daimler’s spin-off PR notes it will be listed on the Frankfurt exchange, CNH’s bus and truck spin-off hasn’t communicated its listing plans or it’s forward growth plans.

Interesting article giving scale and insight into the spin offs push toward higher margin focus and growth in general, pairs well with CNH acquiring Raven for $2B and moving toward Ag.

With a first 1H 2022 goal of $PNTM is going to take I’d guess we will know soon.

“CNH On-Highway business will be the smallest among the four manufacturers with weaker geographic diversification. We expect operating margins to be in the low- to mid-single-digit range initially, depending on the market performance in 2021, although the company has not yet communicated its targets and post-spin-off measures.”

https://www.fitchratings.com/research/corporate-finance/emea-truck-industry-spin-offs-will-strengthen-profitability-20-07-2021