TGLS - Apogee Enterprises: Despite Recent Pain Shares Offer Further Upside

2024-02-02 04:32:03 ET

Summary

• Apogee Enterprises' financial performance has been mixed, but the stock has achieved a 24.7% rise since March 2023.
• Revenue for the first nine months of the 2024 fiscal year has dropped by 3.8%, with three of the four operating segments experiencing weakness.
• The Architectural Glass and Large-Scale Optical segments show growth potential and have strong margins, while cost-cutting measures are planned for the future.

When financial performance begins to show signs of weakening, some investors might be tempted to run for the hills. But when shares of the company in question still remain cheap, it might make sense to continue holding on instead. A good example of this can be seen by looking at Apogee Enterprises ( APOG ), a firm that focuses on the production and sale of products like windows, curtain walls, high performance glass, and more. Over the past few quarters now, financial performance at the company has been rather mixed. Even so, the stock has achieved upside of 24.7% since I last wrote a bullish article about it in March of 2023. While that does fall slightly short of the 25.7% rise seen by the S&P 500 over the same window of time, it's still an impressive showing, nonetheless....

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