2024-07-13 05:16:37 ET
Summary
- Ennis, Inc. stock has undergone a bullish move after bottoming out in April, currently testing overhead resistance.
- Q1 results showed a revenue decline and earnings per share drop, highlighting continued growth struggles.
- Despite growth challenges, Ennis has a strong balance sheet with no debt and generates strong cash flow, making it an interesting setup for value investors.
Intro
We wrote about Ennis , Inc. ( EBF ) in February of this year when we reiterated our 'Hold' rating in the print-related supplier. Concerning technicals, a sustained no-growth environment & a sub-par result (regarding valuation) from a popular dividend discount formula were the reasons at the time to stand pat on our Hold position....
Read the full article on Seeking Alpha
For further details see:
Ennis: Assessing If A Technical Breakout Is On The Cards