IDEX - Taylor Devices Is A Well Run Small Cap At A Reasonable Valuation

2024-01-22 15:39:06 ET

Summary

• Taylor Devices is a company that specializes in seismic dampers, which reduce the effects of earthquakes and strong winds on buildings.
• The company has seen strong financial results in 2023, with a 27% increase in sales and a significant boost in revenues from aerospace and industrial applications.
• The company's backlog of orders has been growing, indicating potential future sales growth, and its valuation suggests it may be undervalued. However, the company is subject to cyclical risks and fluctuations in the construction and defense industries.

Taylor Devices ( TAYD ) is the ultimate in boring stocks - and the core product is what is called a "damper". If that doesn't get you excited, then I don't know what will....

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