ACCO Brands: Speculative Buy On Valuations And Fundamentals Despite High Debt

Sep. 29, 2022 11:10 AM ETACCO Brands Corporation (ACCO)NVDA2 Comments
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Summary

  • The near-term revenue and margin growth should be driven by pricing actions, strong back-to-school season, and return to office trends.
  • The gaming industry is facing near term headwinds but long term outlook is good.
  • Valuation is cheap.

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Investment Thesis

ACCO Brands (NYSE:ACCO) should benefit from a strong back-to-school season and a return-to-office trend, which along with the pricing action taken on July 1 is expected to support the growth in 2H FY22. This growth

ACCO's gross margin and adjusted operating margin

ACCO's gross margin and adjusted operating margin (Company Data, GS Analytics Research)

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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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