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BLDR - Builders FirstSource: Why I'm Calling It A Day Here
Builders FirstSource Inc.
2024-03-13 03:44:43 ET
Summary
Builders FirstSource isn't as compelling as it once was. Paying 16x forward FCF is too rich a valuation.
Revenue growth rates are already priced into the stock, and the stock is currently priced at a high multiple to free cash flow.
Free cash flows are pointing in the wrong direction, while the share price continues to move higher.
Investment Thesis
Builders FirstSource ( BLDR ) has been a very good holding for me, but now has come the time to say our teared-eyed farewell, bon voyage, and good luck departure....