Atkore: Staying Strong In 2022

Feb. 02, 2022 12:29 AM ETAtkore Inc. (ATKR) StockATKR13 Comments

Summary

  • Atkore is outperforming analyst expectations.
  • Atkore raised FY 2022 guidance after a strong Q1.
  • Management had previously expected a drop off from 2021 to 2022; now additional growth is expected instead.
  • If Atkore continues deploy capital effectively, the company will be a multibagger over the next five to ten years.

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Atkore (NYSE:ATKR) is one of my favorite investment opportunities in the market today. The company isn't flashy and doesn't operate in an exciting industry, but it is steadily compounding shareholder value by generating ample free cash

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I'm a big believer in the idea that there are "No Called Strikes" in investing. I put a lot of companies in the "too hard" pile, but I swing big when I find a great investment idea.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ATKR 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 (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article should not be taken as financial advice, it is only an expression of my own opinions as an individual investor

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