2024-05-01 20:36:57 ET
Summary
- Douglas Dynamics' stock price has declined by nearly half since the start of 2021 due to declining sales and EBITDA.
- The company's Work Truck Attachments segment has been affected by external headwinds, including lower snowfall levels, destocking, and macro headwinds.
- Should weather reverse course, and both their WTA and WTS segment maintain their margins, PLOW is priced to generate attractive IRRs for investors.
Introduction
Douglas Dynamics ( PLOW ) has seen its stock price get cut by nearly half since the start of 2021, piquing the interest of myself and other investors I know. This price decline isn’t totally unreasonable from a fundamental perspective, however, as sales and EBITDA has declined materially throughout 2023 after a battled 2022....
Read the full article on Seeking Alpha
For further details see:
Douglas Dynamics: Priced For (Potentially) Attractive Returns