Rogers: Glad I Rotated And Still A 'Hold'

2025-03-22 07:32:18 ET

Summary

• I achieved over 50% annualized RoR by rotating out of Rogers Corporation in 2023, avoiding a subsequent 56% decline.
• Rogers Corporation's strengths include global leadership in engineered materials, but geopolitical tensions and lack of dividends pose significant risks.
• Despite decent 2024 results, I foresee a challenging 2025-2026E recovery, with high P/E and no dividends making it less attractive.
• I rate Rogers Corporation a "hold" at current levels, recommending a buy only below $50/share for a more favorable risk/reward profile.

Today, dear readers and followers, I'm going to take a look at a successful rotation that I did between 2022 and 2023 , and haven't updated on since mid-2023. I'm talking, in this case, about Rogers Corporation ( ROG ) . This company was a business that I invested in, in 2022. At the best time/upside I had from my investment date, the company was up almost 70% in total inclusive of FX and dividends.

You can read my last update on the company here - the company at that time was a "hold", but I also made it clear that it was a potential rotation target (In the title, in fact), which I went ahead and did in the following month. While not at its peak, I walked away with over 50% annualized RoR from the investment, something I am very happy about....

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