PKB - Tecnoglass: Well-Run Business But Unlikely To Be Too Rewarding At These Levels
2024-02-14 17:17:55 ET
Summary
- Over the past year, TGLS has delivered 2x the return of its industrial peers.
- We cover some reasons why TGLS has proven to be a popular bet.
- We close with some thoughts on why TGLS may not make a good buy now.
Introduction
Tecnoglass Inc. ( TGLS ) with roots in Colombia (although 96% of its revenue comes from the US), is a vertically integrated provider of building products for the commercial and residential construction industries. TGLS is primarily noted for its expertise in architectural glass and windows, although it also provides aluminum products such as profiles, bars, plates, rods, etc....
Tecnoglass: Well-Run Business, But Unlikely To Be Too Rewarding At These Levels