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

To: E_K_S who wrote (71622)	11/28/2022 3:03:06 PM
From: geoffrey Wren	1 Recommendation Recommended By E_K_S Read Replies (1) \| Respond to of 78667

re: WIRE Gave it a quick look. Positives: what it sells it makes in the USA low PE ratio Neutrals: been repurchasing shares, significantly. (While this is often a positive, I dread to recall how many companies have repurchased shares well above the price of two years later). Negatives per S&P report, their earnings per year were in the $3 range for 7 years before 2021, and then went much higher, into the $20s. That makes me wonder if those earnings are not a high water mark for a cyclical company. They seem to sell a lot of wire to building construction. That is an area that looks to shrink for awhile. While they make make wire for infrastructure, the actual roll-out of infrastructure improvement has been stubbornly slow. A company with some overlap to WIRE, and an expected beneficiary to infrastructure improvement would be RRX, Regal Rexnord (formerly Regal Beloit). These are both decent companies but not compelling at current prices, IMO.