Apogee Enterprises (APOG) has been a name which has seen struggles (on a relative basis) but has attracted my interest thanks to the long-term potential of the business, combined with modest valuation multiples. The latest quarterly results were quite disappointing, but earnings power remains high, while leverage is low, making me a buyer of the latest plunge amidst a great positioning in a secular growth business.
Pure Play On Glass
Apogee is a pure play on value-added architectural glass and metal products being used in commercial buildings. The company generates $1.3 billion in