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$21.68 -0.32 (-1.45%)
7/18/2008 1:10 PM

Encore Wire Corp (WIRE)

CAPS Rating:
***

Low-cost manufacturer of copper electrical building wire and cable. It supplies residential wire for interior wiring in homes, apartments and manufactured housing, and commercial wire for electrical distribution in commercial and industrial buildings.

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Recs

14

Avatar GravityProof (83.65) Submitted: 11/30/06 9:45 PM : Outperform Start Price: $24.59 WIRE Score: -1.21



This entry is the second since I made my commitment to draft at least some sort of pitch for all of my CAPS picks.
But, it's for a new CAPS pick, as will the next few be.


Encore Wire Corporation (WIRE)

Let's start with the numbers, scratch our h...

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Recs

6

Avatar crazykling (96.77) Submitted: 2/24/07 9:36 AM : Outperform Start Price: $27.75 WIRE Score: -7.98

*gravityproof* has also got some good ideas on valuation.

My two cents:

WIRE: P/B 1.9, P/E 5.5ish. Recent, about 40% off peaks, recent insider buying(perhaps not significant), small market cap 560M.

Copper Wire industry focusing on residential ...

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Recs

6

Avatar DavidBear (20.16) Submitted: 5/14/07 2:41 AM : Underperform Start Price: $29.33 WIRE Score: 9.33

This is a Cyclical company. As such, metrics like PE are not necessarily a good way to value the stock. If someone knows a reason why this is no longer a cyclical stock, I'd love to hear it. Based on historical price growth (looking at the lows fr...

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Recs

4

Avatar HautMedoc (< 20) Submitted: 8/31/06 9:16 PM : Outperform Start Price: $33.32 WIRE Score: -35.00

Encore Wire as a number one low cost producer of copper wires for residental and commercial buildings, proved itself very competitive when copper price was low and very profitable when copper price is high. Recent transition from legendary founder to...

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Recs

3

Avatar mikewa (< 20) Submitted: 1/12/07 9:00 PM : Outperform Start Price: $21.57 WIRE Score: 12.73

WIRE is trading at historically low P/E ratios. Going back several years, it has never trade at a P/E of 4. The lowest I could find was P/E of 7. So if they move back to historic levels, current price is a good value. Everyone hates WIRE because ...

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Recs

2

Avatar CycleFreak7 (79.26) Submitted: 3/07/07 10:36 PM : Outperform Start Price: $24.11 WIRE Score: 0.57

Seems like a good entry point for this (apparently unreasonably) beaten down stock.

Also, some rumors of potential takeover target.

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Recs

2

Avatar MetalFinn (68.69) Submitted: 12/13/06 1:53 PM : Outperform Start Price: $24.86 WIRE Score: -1.14

Excellent long-term pick, currently sold at discount. Time to buy despite latest analyst comments (last year I bought STX at 18, it dropped to 14 since people were afraid of flash mem storage making HDDs obsolete - however, STX kept making .50/q unti...

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Recs

1

Avatar bartlesmcbee (55.66) Submitted: 3/06/07 9:21 AM : Outperform Start Price: $24.00 WIRE Score: -0.15

Magic Formula qualifier, gurus buying at higher prices.

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Recs

1

Avatar ptevans79 (73.97) Submitted: 10/27/06 4:54 PM : Outperform Start Price: $29.96 WIRE Score: -18.89

Loved these guys at $15 a share a couple years ago and I am thinking about loving them right back into my portfolio today. The fundamentals are just as good or better than they were then.

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Recs

1

Avatar ndulgeme (< 20) Submitted: 9/22/06 3:37 AM : Outperform Start Price: $36.80 WIRE Score: -36.48

low pe, accelerating sales, high worldwide demand for copper

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