Brian Grosso
Deep value

AAON: Good Company, Bad Price

AAON Inc. (NASDAQ:AAON) is a small, quality company determined to become a very large company. Management is talented and paid reasonably. The business will continue to perform extremely well and so this is a company to own long term, but because of the high price to be paid for the stock, now is not the time to buy.

Company Overview

AAON Inc. designs, manufactures and sells semi-custom HVAC equipment for both commercial and residential use. The company was founded in 1987 by Norman H. Asbjornson who has served as CEO for the life of the company. The company has two plants in Tulsa, Oklahoma and Longview, Texas. Currently, the company estimates it has market share of 14% in...

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