Terrier Investing
Long only, value, hedge fund manager

NCI Building Systems Is Buying Their Stock - Should You Be As Well?

NCI Building Systems (NYSE:NCS) has a strong market share position in several fairly consolidated categories of metal products for nonresidential construction, and as such, I've been following it for a while as part of my basket of potential nonresidential recovery plays. The stock has been too expensive for my tastes for much of the past few years, but with a dramatic sell-off in 2015 despite results that were actually quite good (in my view), it looks a lot more interesting here. The debt level is a turn too high for me to feel safe owning this, but more risk-tolerant investors (or those more bullish than I on the speed and magnitude of the non-residential recovery) might find some

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