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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (60751)	4/30/2018 6:02:55 PM
From: Spekulatius	Respond to of 78750

Re FBHS- The fact that it is a Rochon (Giverny) Holding got me interested. The stocks looks sort of expensive first sight, but a forward 2018 earnings of $3.5 with a $55 share price looks actually OK. Their track record. since it is a Rochon holding, it seems that they give it a reasonable shot at 15% earnings growth. Their convert most of their earnings into FCF, which is another plus. The investors didn’t like the last earnings report apparently, since it was a bit short on expectations, due to lower revenue growth in cabinets. Management explains this and stick to their margin goals. It seems that most housing stocks are down, maybe concern about higher interest rates. Also residential house transactions are done, mostly due to lack of inventory. Anyways, I like what I see, but wait for lower prices - the chart (ughh, I digress :-)).