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Investing in Bluelinx Holdings (BXC) at current prices is an opportunity to buy a company in a pivotal moment. The stock price has gone from $40 in mid 2018 to $9, while the company has done a great job integrating Cedar Creek acquisition, with integration costs lower than initial projections and annual saving costs higher. The key risks to watch for the investment thesis to be successful are sales growth, cost control and deleveraging execution.
The merger rationale
Bluelinx Holdings announced the merger with Cedar Creek in March 2018. The transaction was valued at $413