AYI - Acuity Brands Deserves A Closer Look At These Levels As The Cash Flow Pours In

Introduction

The COVID-19 pandemic has brought the valuations of certain companies back to healthy levels, but in some cases where share prices haven’t bounced back from their March lows, there are some interesting opportunities. Acuity Brands (AYI) - one of North America’s leading producers of lighting systems, for instance - still has a net cash position, was profitable in its third quarter (March-May) but on a YTD basis, its share price is still down by approximately 35%. An opportunity?

Data by YCharts

The cash flow in the first nine months of the year

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