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Since our last update, BlueLinx Holdings (BXC) has dropped 13.6%. It reached a low of $9.55 on November 25th, but it has recovered some ground. In this article, I will provide an update and explain why I am bullish on BXC.
During the 3Q19 call, the stock dropped from $31 to $21. After the call, it continued to drift downwards till $13.28. The reason for the drop was the change in strategy prioritizing recovering market share over capturing synergies, as I explained in more