The Makings of a Solid Contrarian Investment
Tecnoglass, Inc. (TGLS) is a high growth glass and window manufacturer that is based in Colombia. While the company's stock used to have a 6% dividend yield to attract investors, this limited the company's ability to follow high growth, and they reduced it to 2% in March 2020. Many high-yield investors determined this to be a negative factor to shareholders, however, I agree with the management that long-term and sustainable expansion are far more important. Further, with the current growth expectations, I forecast that the stock