AYI - Acuity Brands: Dimming Out Without M&A Catalyst

• Acuity Brands' top line growth is exceptional, owing to significant acquisitions made last year and a continued demand recovery.
• The management is investing heavily in inventory in order to mitigate risks associated with supply chain issues.
• It is facing temporary headwinds affecting its margins, making this stock unattractive at today’s price.
• The management is still on the lookout for a good M&A which is a potential catalyst that could reintroduce some value to this stock.
• Acuity Brands is trading at a weakening support and is trading fairly with no significant discount.

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