2024-04-30 10:30:00 ET
Summary
- The Eastern Company aims to boost its margins in the next few years, making it an attractive investment if successful.
- The company's Big 3 subsidiary focuses on returnable packaging, with a $1.5B market opportunity in the automotive and aerospace sectors.
- Despite some setbacks in 2023, the management team remains committed to achieving a 30% gross margin target in the future.
Introduction
I like it when a company's management team makes bold statements, as long as it can live up to those statements and expectations. As mentioned in my previous article , The Eastern Company ( EML ) was convinced it would be able to boost its margins over the next few years, and if that's indeed the case, the stock may be very attractively priced. That's why I am keeping an eye on the company's performance....
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The Eastern Company: Working Towards Expanding Margins