2024-07-03 01:09:52 ET
Summary
- Shares have more than doubled this year, reflecting solid performance in the underlying business.
- The company’s order backlog is robust, bolstered by significant recent contract wins.
- While investors can expect strong revenue growth ahead, they should be mindful of certain idiosyncratic risks.
- Profitability remains weak and shares appear to be fairly valued based on my estimates.
Investment thesis
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For further details see:
Redwire: Strong Growth Expected But Dilution Risk Keeps Me Away