RXEEY - Rexel Delivering On Its Turnaround But Getting No Credit
In closing my last article on Rexel (RXEEY) (RXLSF), I commented that “turnarounds can test investor patience”, and that has certainly been true for this global electrical products distributor. The market hasn’t been too keen on many stocks in the distribution space since that last article, with stocks like Grainger (GWW) and Ferguson (FERGY) losing ground, but Rexel has done substantially worse, and likewise lagged the shares of electrical products companies like Eaton (ETN), Schneider (SBGSY), Legrand (LGRDY), Hubbell (HUBB