Investment Thesis
Acuity Brands (AYI) is facing short term headwinds, but this has provided an attractive entry point for a long-term investor. The firm knows its shares are undervalued, which has led to repurchases. The firm has a large amount of cash and debt facility, which allows it to offer shareholder friendly returns. The firm is also in an industry well-poised for macro-growth, which will lead to increase EPS and share price. The short-term headwinds of tariffs are actually positive for the company in the long term.
Catalysts
Repurchases
The company understands that its shares