- AAON, a manufacturer and supplier of air conditioning equipment, is one of those companies to benefit from the impacts of COVID-19.
- Prior to COVID-19 onset, AAON had undergone a plant expansion that enabled it to expand production to meet the increased demand associated with COVID-19.
- AAON's 'story' is a good story embraced by investors even before the increase in business due to COVID-19.
- The share prices of companies with good 'stories' are doing incredibly well in the current investment climate - and this can lead to 'value traps'.
- A prudent share investor would be wise to seek to justify a P/E ratio of 45.6 before investing in AAON shares at current share price levels.
For further details see:
AAON: Justifying A 45.6 P/E Ratio