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Caesarstone: A Rock-Solid Start To 2021

Jun. 12, 2021 3:27 AM ETCaesarstone Ltd. (CSTE)1 Comment
Philip MacKellar profile picture
Philip MacKellar


  • Caesarstone is a global leader in the quartz and porcelain countertop markets.
  • The organization had a solid start to 2021 after streamlining operations quickly during the pandemic.
  • We took a position in December 2020 at $10.61.
  • At the time, the valuations looked low versus the company’s long-term averages.
  • Moreover, the corporation’s outlook and long-term goals are poised for growth and should drive the valuations higher.
samples of quartz agglomerate for kitchen countertops
Julia Saplina/iStock via Getty Images


Caesarstone (NASDAQ:CSTE) is an international leader in the quartz countertops market, while its Lioli subsidiary is a key player in the porcelain countertop business. If you’ve recently bought or renovated a home, you may even have purchased their products. The

This article was written by

Philip MacKellar profile picture
Philip MacKellar is an analyst, portfolio manager, and investor at Contra the Heard Investment Newsletter. He has been with the company since 2011 and has been investing since 2004. The newsletter’s primary focus is on contrarian and value-oriented investment opportunities traded in the United States and Canada. In addition, Philip sometimes engages in M&A, other special situations, and holds bonds, preferred shares, and convertible securities. Contra the Heard is a Toronto based company and was founded in 1995. Philip also blogs about personal finance topics on his own website called mymoneymoves.ca in his free time. You can also follow Philip at the Globe & Mail, on Twitter @Rallekcam, and catch him on YouTube at Contra the Heard.

Analyst’s Disclosure: I am/we are long CSTE. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The opinions expressed – imperfect and often subject to change – are not intended nor should be taken as advice or guidance. Contra the Heard Investment Newsletter is not an investment advisor or financial advisor. The information enclosed in this article is deemed to be accurate and reliable, but is not guaranteed by the author.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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