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...

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