When it comes to investing in cyclical companies, the valuation at which an investor buys the stock plays an important role in the future returns. One of the harder hit industries during this recession has been the construction sector. In this article, I’m focused on Apogee Enterprises (APOG), which is trading well-below its 52-week high. I evaluate whether if Apogee makes an attractive investment at the current valuation; so let’s get started.
(Source: Company website)
A Look Into Apogee
Apogee Enterprises is a leading provider of architectural glass, framing systems, and installation services.