David Ristau
Growth at reasonable price, research analyst, newsletter provider, long/short equity

Drew Industries: Turning To Adjacent And Foreign Markets For Growth

Drew Industries (NYSE:DW) recently closed its fiscal year 2013 on a high note. Revenue grew 12% for the year and shares rose over 50%. A few months ago we wrote a report on DW, where we argued the company is overvalued and lacks any solid catalysts to justify a higher share price. We have slightly raised our price target to $41 in light of better than expected RV short term trends and adjacent markets potential.

There is an additional catalyst we have identified that many may have missed. The one catalyst that could move the stock higher is expansion into international markets. We would like to analyze the potential impact on long term growth, although at this stage,...

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