We just covered Forget AI: Legendary Value Investor Seth Klarman Is Buying These 10 Value Stocks in 2026. DNOW Inc. (NYSE:DNOW) ranks #10 (see Seth Klarman Is Buying These 5 Value Stocks in 2026).
Baupost's Stake: $43,174,000
DNOW Inc. (NYSE:DNOW) is a distributor of energy and industrial products, spun off from National Oilwell Varco in 2014. The stock is down about 9% over the past year.
Its merger with MRC Global has transformed the company into a $2.22 billion business with a diversified revenue mix across upstream energy (41%), midstream (21%), gas utilities (21%), and downstream and industrial (17%). The stock has taken a beating since the deal closed, weighed down by merger-related accounting charges and a messy Oracle ERP system conversion at legacy MRC Global. Bulls believe the selloff is an overreaction that creates a compelling entry point for long-term investors.
Key growth catalysts are building. Gas utilities are expanding capacity to meet rising energy demand, and the spike in oil prices following the Iran conflict could finally break three years of stagnant upstream spending.
Baupost's Stake: $43,174,000
DNOW Inc. (NYSE:DNOW) is a distributor of energy and industrial products, spun off from National Oilwell Varco in 2014. The stock is down about 9% over the past year.
Its merger with MRC Global has transformed the company into a $2.22 billion business with a diversified revenue mix across upstream energy (41%), midstream (21%), gas utilities (21%), and downstream and industrial (17%). The stock has taken a beating since the deal closed, weighed down by merger-related accounting charges and a messy Oracle ERP system conversion at legacy MRC Global. Bulls believe the selloff is an overreaction that creates a compelling entry point for long-term investors.
Key growth catalysts are building. Gas utilities are expanding capacity to meet rising energy demand, and the spike in oil prices following the Iran conflict could finally break three years of stagnant upstream spending.
5 days ago
