Under-coverage of a stock can be either a boon or a hindrance to holders of the paper. Today, I have decided to cover a stock that definitely fits the "under-covered" description. AAON Inc. (AAON) is a heating and cooling unit manufacturer that sells units for residential and commercial use in the U.S. and Canada. In this article, I will perform a valuation based on intrinsic value; what this means is that I will be looking at this company from an objective standpoint based solely on the numbers and not on news or the optimism of the company's annual reports.
In the interest of full disclosure, the remainder of this analysis will show that AAON Inc. is a good...
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