Investing Doc
Long only, value, growth at reasonable price, long-term horizon

Valmont: Putting My Money Where My Mouth Is

Recently, a fellow contributor asked if I was sticking to my previous FVE and accumulate target for Valmont Industries (NYSE:VMI) ($170 and $145, respectively). Part of this, I'm sure, has to do with VMI's recent price action, which has followed the same movement as other big Ag stocks as cyclical headwinds-- bottoming grain prices, reduced spend on farm equipment and infrastructure-- continue apace.

VMI data by YCharts

This in turn may have had something to do with analysts collectively reducing their 1-year target prices for these stocks. Valmont has been no exception to this trend:

(click to enlarge)

Data from Finviz

This is about a 7.5% drop in analysts' estimate of Valmont's intrinsic value in the past few...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details