Daktronics: Industry Leader, Record Backlog Equates To Great Investment Opportunity

Jan. 21, 2022 3:09 PM ETDaktronics, Inc. (DAKT)2 Comments

Summary

  • DAKT is currently experiencing an all-time high backlog for their products.
  • We believe the recent federal infrastructure bill should benefit DAKT.
  • Through the combination of being an industry leader and a significant backlog, we consider DAKT to be an attractive investment opportunity.
  • Looking for a portfolio of ideas like this one? Members of Best of the Uncovereds get exclusive access to our model portfolio. Learn More »
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Daktronics (NASDAQ:DAKT) is the world’s industry leader in electronic display systems. It's showing strong demand with record orders and a backlog at an all-time high. It's also expected to benefit from the government infrastructure bill. We're reinitiating with a buy rating and

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This article was written by

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Coverage of under-followed companies from an experienced team.
Singular Research aims to be a trusted supplier of independent research on micro/small cap companies. We provide initiation reports and quarterly updates on roughly 40 uncovered companies. We cover growth and value style equity ideas leveraging the extensive experience and knowledge of our in house staff of over 6 CFA's. Award winning original research with a following of over 105 institutional clients with over $60 billion in assets under mgmt. Singular is closely associated with the existing author Cook Capital Management.

Disclosure: I/we have a beneficial long position in the shares of DAKT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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