SGC - Superior Group Of Companies: Still A Good Fit For Now

2024-07-25 17:19:27 ET

Summary

• Superior Group of Companies shares have increased by 12.3% compared to the S&P 500's 9.3% increase since March.
• The company's revenue and net income have shown growth, with management anticipating further growth in the future.
• Superior Group of Companies has the potential for growth in various segments, with plans to increase market share in different industries.
• Add on top of this how shares are priced, and the firm deserves the 'buy' rating previously assigned it.

Since I upgraded shares of Superior Group of Companies ( SGC ) in the middle of March, the company has done well to generate upside for investors. Shares are actually up 12.3% compared to the 9.3% increase seen by the S&P 500. I would consider that a win in my book. Of course, this does come after a painful experience. You see, prior to earlier this year, I was neutral on the stock. From the time that I wrote my ‘hold’ assessment of the firm in January 2023 until I upgraded the stock, shares were up 63.4%. That was roughly double the 31.7% increase seen by the S&P 500 over the same timeframe....

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