In the diversified machinery industry, especially the electrical equipment segment, Encore Wire Corporation (NASDAQ:WIRE), currently trading at $36.55, has made a name for itself as it offers one-stop sourcing for every residential and commercial wire needs of its numerous customers. Operating in a cyclical and highly competitive industry, the company is bound to experience a certain level of volatility as far as margins and earnings are concerned. However, I believe it is a strong choice if as an investor you understand the intricacies of cyclical companies.
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A little knowledge of the company
Encore Wire Corporation was incorporated in 1989 as an electrical building wire and cable manufacturer. It supplies building wire for interior...