BLBD - Blue Bird: Strong Momentum And Good Fundamentals Make It A Buy

2024-07-04 01:54:33 ET

Summary

• Blue Bird operates in the not-so-fancy school bus manufacturing industry.
• The company has two very clear growth catalysts due to the age of school buses and the transition to electric buses, supported by government plans.
• Blue Bird recently increased guidance for FY2024, which brought euphoria to the company's shares and, coupled with a reasonable valuation, makes me consider it a buy.

Investment Thesis

Blue Bird (BLBD) operates in the not-so-fancy school bus manufacturing industry. A stable, mature sector with high barriers to entry that has been the breeding ground for a 4-bagger in the last 10 years of being listed on the stock market....

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