A more bullish view on infrastructure builders, Qualtek in particular
https://seekingalpha.com/article/4527107-5g-rollout-underway-qualtek-most-potential-upside
Q2 Earnings are to be announced Monday, August 8, 2022 after COB. Since the company went public in February, it has been SPAC smashed as the market has switched to risk off. Hurricane season is in full swing and QualTek’s recovery logistics line of business profits from rebuilding after hurricanes. The $2.2B 24 month backlog is worth $200M in EBITDA across the next two years by my rough napkin math. The market capitalization is $31M and there is $485M in debt and the company’s last quarter of EBITDA was a measly $4M on $148M of revenue, but business is seasonal and Q2 and Q3 are their bigger quarters.
During hurricane season, these Recovery Services are apparently profitable for Qualtek
https://www.qualtekservices.com/Services/Recovery-Logistics
Based on the comments, margins should improve, which is also a prerequisite for operational sustainability. The second half of the year should also be stronger. Other risks still remain, but there is also potential, if the backlog can be converted into revenue, and preferably with better margins than before.
Edit: I don’t immediately see it as a $10 stock, unless margins jump significantly. But from the current price, there should be reasonable upside, but it also requires execution.