Encore Wire Corp (NASDAQ:WIRE)
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
If you can find a company trading a less than 4 x earnings with high yearly growth, Buy it. Buy WIRE.
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Profits are growing and it is at a very low price right now.
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Great Earnings! Watch Stock price go up as demand for copper wiring in homes continue to grow! Goes to 32 without any change in earnings. Goes higher if beats estimates!
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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.
Recs
Fair Value is 90.Unfortunately one mistep and the shorts are going to win. Oct 30 will tell the story
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low pe, accelerating sales, high worldwide demand for copper
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World can't get enough copper
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