Maxim Power (MXG) in McElvaine Value Fund 2021 Q4

Enhancing Efficiency and Profitability Through Strategic Projects

7 days ago

Summary

Operates a 204 MW power generation facility in Alberta, with plans to expand capacity.
Positioned as a bargain secondary company with significant insider ownership.
Risks include project completion and operational challenges.
Recent performance driven by significant cash flow generation and strategic investments.
Future outlook positive with ongoing projects to improve efficiency and reduce emissions.

Maxim Power (MXG, Financial) was featured in the McElvaine Value Fund 2021 Q4 letter as a key investment in the fund's portfolio. The fund manager noted Maxim's strategic initiatives to enhance its power generation facility's efficiency and profitability, which are expected to drive future growth and reduce carbon emissions.

"Maxim’s upside is based on reasonable assumptions for its new generating facility and optionality in its wind development projects. Maxim’s downside is protected by the value of its facility." — McElvaine Value Fund, 2021 Q4 Fund Letter

Read full letter at gurufocus McElvaine Value Fund 2021 Q4 page.

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