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CULP - Culp Inc.: Time To Take Profits
December, 14 2020 10:20 AM
Culp Inc.
The value gap in Culp has definitely closed after the stock has appreciated by almost 200% since our first write-up. Although the price is not indicative of value, at 22x forward earnings, we believe the company is no longer cheap, especially in this climate. We now recommend investors to take some profits off the table. The company’s business model remains highly cyclical and there is a risk of multiple contraction if the company now misses future estimates. For further details see:
Culp Inc.: Time To Take Profits
Stock Information
Company Name:
Culp Inc.
Stock Symbol:
CULP
Market:
NYSE
Website:
culp.com
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