Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

A Hole In Carlisle Companies' Earnings Could Lead To Buy Opportunity

I have followed Carlisle Companies (NYSE:CSL) for more than a decade and was attracted to the story in 2008 when Dave Roberts, then CEO of Graco (NYSE:GGG), joined as CEO, with the promise of making it a better company. While the Great Recession initially impeded the operational improvements he intended, Robertson has done a terrific job of transforming the company and creating significant shareholder value, with the company producing record EPS in 2011 and all-time high stock price in early 2012, well ahead of the market and the industrial sector.

As part of his portfolio repositioning strategy, Roberts announced on the Q2 conference call the potential disposition of one of its operating segments, Carlisle Transportation Products...

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