2024-06-30 00:48:22 ET
Summary
- Oil-Dri Corporation of America produces sorbent products for agricultural, horticultural, and cat litter use.
- Despite a recent stock price decline, the company's financial performance has improved, with revenue and net income increasing.
- Its recent acquisition in the crystal cat litter segment shows promising growth potential for the company, making it an attractive investment opportunity.
One of the more interesting companies I have come across in recent years is Oil-Dri Corporation of America ( ODC ). The company describes itself as a producer and seller of sorbent products, including of those types of products that can be used in the agricultural and horticultural space. A lot of its offerings also go into the production of cat litter. Late last year, in December to be precise, I wrote an article about the company wherein I reaffirmed the ‘buy’ rating that I had on the stock. From the time I had first written about it in August of 2022 until I wrote about it again last December, shares had seen upside of 157.2%, handily surpassing the 16.8% increase seen by the S&P 500 over the same window of time....
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Oil-Dri Corporation of America: Value Creation Continues Even As Shares Pull Back