KOP - Koppers: Cycle Might Be Turning Waiting For Lower Prices
2024-05-06 13:16:00 ET
Summary
- Koppers Holdings is a global manufacturer of treated wood products and supplies.
- The company's stock price has been performing well for the past two years thanks to positive cycles in its end markets.
- However, some indications of a cycle reversal reduced the company's margins for 1Q24, and spooked the markets, with the stock price falling 16% after the earnings release.
- A cycle-average profitability approach indicates that the stock is approaching more sensible valuations, but I believe the stock price should be lower before considering Koppers an opportunity.
Koppers Holdings Inc. ( KOP ) is a global manufacturer of treated wood products and supplies....
Koppers: Cycle Might Be Turning, Waiting For Lower Prices