- Acuity Brands' top line growth is exceptional, owing to significant acquisitions made last year and a continued demand recovery.
- The management is investing heavily in inventory in order to mitigate risks associated with supply chain issues.
- It is facing temporary headwinds affecting its margins, making this stock unattractive at today’s price.
- The management is still on the lookout for a good M&A which is a potential catalyst that could reintroduce some value to this stock.
- Acuity Brands is trading at a weakening support and is trading fairly with no significant discount.
For further details see:
Acuity Brands: Dimming Out Without M&A Catalyst