- In the third quarter, EPS fell short of analysts' expectations, and the share price fell. But we believe that this is a temporary phenomenon, and the price will recover.
- The acquisition of Honeywell subsidiaries positively affects the company's profitability. Net profit margin is growing.
- Even if organic revenue growth falls to the Fed's inflation target, the current share price is low. The company trades cheaper than its peers.
- According to our valuation upside potential is about 55%. This is a classic value case.
For further details see:
Rocky Brands On The Rocky Road Up