2024-05-19 14:11:58 ET
Summary
- Griffon Corporation's topline decline is expected to continue in the near term due to weaker demand in the CPP segment, but residential door volume growth should largely offset this.
- Long-term demand prospects for Griffon's products remain favorable due to demographic housing trends.
- The company's stock valuation is attractively priced compared to its sector median, making it a decent buy at the current level.
The Thesis
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Griffon: Well Positioned For Future Growth