BXC - BlueLinx Holdings: Sizzling Q1 Earnings Get 8% Yield Over The Next Few Months
- BlueLinx Holdings reports Q1 2022 results that were meaningfully better than even the most bullish investors could have hoped for.
- As I previously argued, buying companies where their balance sheets are rapidly improving, is an awesome position to be invested in.
- BlueLinx is still priced at approximately 3x earnings. Surely, that has to be cheap enough?
- Management believes this is incredibly cheap and has an accelerated share repuchase program to buy up 8% of its market cap over the next several months.
- As always, happy to discuss my thesis further in the comments section.
For further details see:
BlueLinx Holdings: Sizzling Q1 Earnings, Get 8% Yield Over The Next Few Months