Tecnoglass: Ride The Florida Construction Wave In 2022, Strong Buy

Feb. 23, 2022 8:42 AM ETTecnoglass Inc. (TGLS)1 Comment
Damon Judd profile picture
Damon Judd
1.53K Followers

Summary

  • The Florida construction market is poised to take off in 2022 and Tecnoglass is well positioned to benefit from the growing need for specialized glass products.
  • The TGLS stock price tanked after a short report was issued in December 2021, creating a buying opportunity for long-term investors.
  • The statements made in the short report do not appear to impact or alter the strong financial position and TGLS is rated a Strong Buy by Wall St analysts.

view of a contemporary glass skyscraper reflecting the blue sky

Nikada/E+ via Getty Images

While doing my research for this article I was intrigued by a forecast regarding the 2022 construction industry that read, in part, "Riding the Construction Wave". Being a former surfer, I am easily attracted to waves

sunset surf

San Clemente evening surf session (author photo)

TGLS price chart

TGLS price chart (Seeking Alpha)

Tecnoglass highlights

Company highlights (Tecnoglass Investor Presentation Nov 2021)

Tecnoglass income statement

Income Statement (TGLS 10-Q)

Tecnoglass liabilities

TGLS liabilities (TGLS 10-Q)

Wall St Analyst ratings

Wall St Analyst ratings (Seeking Alpha)

TGLS stock Analyst Recommendations

Analyst Recommendations (Seeking Alpha)

This article was written by

Damon Judd profile picture
1.53K Followers
Visit www.Knowledge-Investing.com for more info about me. I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable research and vowed to make smarter long-term investing decisions after suffering through the Great Recession with minimal losses to my inherited portfolio, after firing my financial advisor.I look for individual growth and income stocks, and some funds (CEFs, ETFs) that offer high yield income to increase my retirement income beyond my 401k and the pension that I will receive after I retire. I also enjoy reading investment/financial and business information and following trends in technology and markets. The human psychology of markets is as fascinating and inscrutable to me as the financial side. I work as an information systems manager, so data and information are valuable assets to me. I am not a financial advisor so please do your own due diligence before making any buy or sell decisions.“The race is not always to the swift, nor the battle to the strong, but that's the way to bet.” Damon Runyon

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TGLS over the next 72 hours. 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.

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