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A holding company that owns and manages two businesses that serve two distinctive markets - lighting equipment and specialty products.
Placing another fallen angel in the long-term value camp. Acuity is one of the leaders in the industrial, commercial and institutional lighting markets, offering improved energy efficiency. While it's likely dead money near term given non-residential construction trends, this company is well managed, provides a decent dividend, and now trades at a level suggesting the majority of future downside , on both a fundamental and technical basis, is largely behind it. Likely bright idea relative to the broad market for those with patience to wait for the turn in a few years.
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