2024-05-31 06:34:41 ET
Summary
- Griffon has seen a 54% increase in stock price since November 2023 and looks undervalued with potential for further growth.
- The company operates in the home and building products industry, with a focus on garage doors and professional tools.
- Tailwinds for GFF include the need for home renovations, the growing Gen Z and Millennial population, and the increasing popularity of outdoor living spaces.
Thesis
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Griffon Corporation: Still Undervalued After A Strong Run-up But Not A Screaming Buy